Friday, November 6, 2009

MORNING THOUGHTS (UPDATED WITH FSYS TRADE)

Yesterday's best trades were in WFMI and FSYS. I am nearing a 20% total portfolio gain for just this week alone and the week isn't even over yet. If you don't believe me, then obviously you're a nOOb reader in the CA Trading Room. I am the one and only Chart Addict and my returns are far superior than yours. Stick around for a while and you might learn something.

Yesterday's call on the general market was very wrong, and I don't care. I don't even trade the general market. It's such a beautiful thing when your predictions are wrong, yet you still make a +6% total portfolio gain. Hope that's a lesson in playing only the best and highest probability trades, regardless of overall direction.

I have to see how this next leg turns out. I estimate that it will be another week before a IT determination can be made. Always keep an open mind and never let your opinions get in the way of great opportunities. You are your own worst enemy. Never forget the POWER OF CHARTS.

I have no idea where we are going in the markets, but I guarantee you that I will win again today - that would make every single day of this week a win. Watch and learn, folks.

Here was the FSYS trade yesterday. All documented on my Chart Addict blog and on my twitter in real time:

3 comments:

fortune8 said...

Can you put up chart and entry point for FSYS? Looking at chart I not seeing it? TIA

John C. Lee said...

here ya go f8

fortune8 said...

Thanks. I see what you did. It was a day trade. I was thinking it was a swing trade you had entered earlier and I missed it somehow because I never saw the signals.