Trades Can Still Work When Things Stink
There is some good trading out there today. The indices are bouncing around and allowing for some scalping as the dip buyers show up again. In addition, a number of individual names I've mentioned recently like Jazz Pharmaceuticals (JAZZ), InvenSense (INVN), Silicon Motion Technology (SIMO) and Spectrum Pharmaceuticals (SPPI) are doing well.
It isn't bad, but what I have consistently found to be one of the big challenges in a market environment like this is to not let my personal views about the tough economy take me out of trades that are still working well. I personally am not very optimistic about Europe, earnings season or even the health of the overall economy, so it tends to nudge me toward a more defensive approach. When I have some good gains, I want to protect them and if a trade isn't working I tend to be quick to cut them, even though they have done little wrong. ...220 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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