Oh, The Humanity!
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So, a couple of days ago we had a nice, strong rally the day after the midterm elections. And you’d think both Republicans and Democrats were happy with the outcome, as both claimed victory over these midterms elections.
But the Democrats reclaimed the House while the Republicans continued to dominate the Senate.
And here we are today, the markets are tanking once again, and the party’s over?
Well, analysts will tell you that historically, the stock market has performed very well between the months of November and April, but we’ll see what happens as the volatility continues, as well as a feeling of uncertainty in the markets, and an impending recession is predicted for 2019.
Like I’ve said before, Trump was riding high of the residual fumes of the Obama administration when the bull market ran its course throughout Obama’s two terms. In 2017, it was most likely the bull market continuing and maybe some positive sentiment that Trump was elected President, a savvy businessman who would probably improve our economy.
In 2018, the stock market has performed mixed at best. There were two obvious corrections at the end of January 2018 and once again in October 2018. These were really bad, with the DOW falling some 1,500 points in October, reminiscent of the downturns in the 2008 Financial Crash.
This Leads Me To Day Trading
I never thought I would jump into Day Trading (or Intraday Trading):
1. It’s very risky. Well, it has the potential to be quite risky, if you don’t know what you’re doing.
2. You have to invest large sums of money to buy enough shares that would make substantial profits if the stock price went up 10, maybe 20 cents a share.
3. You need knowledge and a trading platform in order to see the adequate buying signals in order to successfully find the entry and exit points.
So, after 10 years of investing and trading on the stock market, and equipment with an amazing trading platform like TOS, I officially began Intraday Trading last month, mid-October 2018.
And so far, it’s going well. I’m being absolutely conservative at this point, taking advantage of dips and capturing profits when the stock goes up 10, 20, sometimes 50 cents. And if I lose for that given day, I hold onto the stock until next day and capture a profit then. Even then, the stocks I pick are reliable companies with a great track record. So, if worse comes to worse, I hold for the long term and collect dividends, since most of the stocks I’m day trading have dividend payments.
And that’s pretty much my simple strategy for now. No options, no calls and puts, no shorting a stock. I just buy into the dips and sell when the position gains a decent profit.
More on Day Trading later…
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More Investing Thoughts
Trading Notes: Analysis of a Day Trade
Saturday November 17, 2018 by Carlos Rull
Filed as: Money, Renegade Mobile Trader, Trading Notes
Friday, November 16, 2018: Volatility Equals Day Trading Opportunities
Friday November 16, 2018 by Carlos Rull
Filed as: Money
Friday, November 9, 2018: Post-Midterm Election Update and Day Trading
Friday November 9, 2018 by Carlos Rull
Filed as: Money, Trading Notes
Wednesday, October 31, 2018: Halloween Edition – Bears Were Spooked!
Wednesday October 31, 2018 by Carlos Rull
Filed as: Money, Stocks
Tuesday, October 30, 2018: Day Trading and the Volatility Index
Tuesday October 30, 2018 by Carlos Rull
Filed as: Money, Trading Notes