Jan. 2nd 2018! The First Trading Day of the year and I dropped the ball. I had the intention to record my trades live from start to finish, however my focus was just not there. There were a bunch of missed opportunities. Today was definitely a trend day. A day to close your eyes and just buy. BUY BUY BUY- and up Everything went. With a few exceptions. One exception was CAT
CAT was an excellent short opportunity at $158.67. CAT was on my watchlist from last Friday. CAT had 8 consecutive up days until Friday’s Close signaling for a potential retracement from prior highs. Although it made an all time new high, it was short-lived and did not participate in the market rally. Above is a 15 minute chart beautifully displaying the stress free downside momentum. Due to this miss opportunity, this miss set the precedence for the rest of my morning.
The thrill of shorting keeps things exciting, for today’s bullish move was more so of the norm.
Green, is all I want to see. With more enthusiasm and focus, the money comes naturally.