I received these comments about December trading with a weekly review:
As mentioned earlier in one of my daily reviews, I have added a plan change for December:
I will lower my tier size to 100 shares on everything besides in-play A-setup stocks.
Be more selective than usual.
Avoid trading in & out unnecessarily.
Lock in profits more quickly than I’m used too.
If market is an inside day, reduce the profit target.
Consider trailing stops more often.
This is because I felt the market has walked into a period where volume has decreased, where trades tend to have less real moves that we can get out of. People can get chopped out easily during December. That’s why I need to be extra selective than usual.
Trading has been a little slow and boring of late. Good thinking above to scale back and be more selective. This is a nice holiday trading, slow trading, low volume adjustment. One caution comment for traders to consider. Lean towards preparing for a slow market but always be prepared for an unusual market of opportunity. Don’t get caught online shopping your way towards the close of the year and miss opportunity trades.
Bella
