PATIENCE pays. I am glad I haven't done much trading recently. Rather, I continue to wait for the market to figure out its direction. I would have fared much better in April if I would have used patience and not have continued to throw good money after bad....
My two most exciting positions are FITB and GLD.
FITB is looking good, and it finished just below 7 which is good. That said, it's just moving back and forth between 7 and 9. Which way will it break?!?!?
GLD is on fire, and I am really excited about the prospects of this position. It looks really strong, and I am feeling good that I was able to spot an opportunity on the long side. This has definitely been one of my weaknesses, as I've been primarily benefiting on the short side. April has definitely taught me to keep a more open mind and to trade the charts, not my opinions....
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