First off guys, have a great weekend.  Today’s trading nothing but blah.  Another day, another loss.  Basically added up all my gains and realized/unrealized losses for trades and slightly up for the month.   This has been a disappointing trading month, and it’s pretty simple why.  Look what’s working….AAPL, GOOG, AMZN…and basically not much else overall.   This means BIDU may rock next week based on this theory, but to me, it does not matter, because there is no way I would ever buy BIDU here.  And that’s the problem, what’s working right now is nothing that the usual trader would trade.   That’s got me thinking.

This year I have one losing month.  It was March.  I lost big too, and it was pretty simple.  The prior 12 months, I traded SKF, it always worked, up and down, and it was easy.  Very easy.  But in March, something changed, and I stuck with it.  After a few weeks, I could see something was wrong, so I changed my trading style.  I basically stopped trading SKF, and started to go long the market.

So, since this is my personal 2nd worst month of the year so far, I wonder if things are changing.  As in, trading the news and breakouts won’t work for awhile.  In fact, besides the big boys moving, if you look at the mid to small cap stocks, they are doing nothing.

I don’t think it’s time to abandon overall strategy just yet.  Come november, it may be time to adapt.

Bottom line:  The last six months have been record breaking for trading stocks.  This market is in ‘trading breather’ mode I think.  I won’t hide from loss, my picks so far this month and ideas have been horrible.   Usually 90% right, but this month, I feel 90% wrong.  As always, brain on high alert.   See you next week, and hang in there.

Welsh