Evolution

Hi Everyone...

It's been over 1 year since my last post on this blog. My, time does fly...If you are new to the blog, welcome. I hope you will find some of the past entries useful and interesting. It is my goal to revive this blog and post my thoughts and analysis about the markets in general.

A lot has happened during this year. The sky has not fallen as many predicted. We had one of the most powerful rallies in the stock market in generations and the market in general is still attracting many traders/investors. We had the 'flash crash' (may it never be repeated). I traveled to Europe quite a bit. Bought a house in Tampa where I currently live and work. I am now running a fund that was established by close acquintances and my goal is to grow and manage this fund successfully.

Evolution. This describes how my trading style has evolved over time, and how I have studied my trading history, techniques, risk tolerance, and every aspect of my trading career to continuously evolve and adapt to the ever-changing market conditions. I have been able to expand and diversify my trading to include Forex (mainly GBPUSD and EURUSD), futures (TF, GC, CL, YM and NQ), and going back to my roots - stocks.

I feel most comfortable trading stocks due to the fact they can be more predictable than futures and/or Forex. I find that my scalping techniques work more effectively with active stocks. Additionally, I feel a lot more comfortable holding stocks over a period of more than one day in the current environment (something I did not do during 2008-2009).

Furthermore, my trading analysis on Forex has been very rewarding and accurate on larger timeframes (1H and 4H charts). This obviously requires more risk, but provides better rewards overall. However, I still will scalp the GBP and EUR on occassion.

Of all the evolution and adaptations I have made over the year, my trading style and 'signals' have remained constant. I have however stopped trading the ES emini. I have found it to be too erratic (not to mention stressful) to trade successfully over a long period of time. And quite honestly, I am doing quite well concentrating my efforts on high probability/low risk trades in different markets.

I hope to post more setups and charts on my blog, and I certainly hope to post more of my trades on twitter. I encourage feedback and would welcome any comments on the site or my setups.

Stay tuned for charts and setups. We are currently overbought and hovering just below a significant resistance area. I bought some SPXU yesterday and was good for a quick scalp of 30c before the market moved higher again. Still holding a portion with a stop below yesterday's low.