Swing Trading Strategies & Stock Picks Since 2003

There no telling what is going to happen with the market at any moment these days. It's very difficult to trade successfully in this environment, as I've noted in the past. That said, there are two things I can guarantee...

1. The bahavior will be volatile, and likely irratinoal
2. Holding short term postitions overnight will lead to losses

This is why we have mainly stuck to day trading, with minimal swing and options trading action at DayTrade Team. I have two survival word for you, "Cash Overnight."

I have a decent amount of my long term portfolio at work on the long side, but I rarely hold positions overnight in my short term portfolio. I entered a put credit spread in FCX yesterday with some speculative capital and held it overnight, but exited early this morning.

It's just too crazy out there to get seriously involved in holding short term positions beyond an intraday time frame (for the most part). When extremely irresistable oportunities arise, go for it. If you feel even the least bit unsure about the position, stay away.

Regards,

Nick Fenton

Sr. Trade Analyst, DTT