Little AMR chart.

About this trade, I damn near bought the bottom. It wasn't terribly difficult seeing a bounce of S2 and a Qs rally / gap up early. I had a fresh cross on the CI indicator. Halfway through the move as VWAP was breached, I sold half the position to protect profits. I rode most of the second wave upwards. I don't have esignal at work so I am almost in the blind after 1045est as I leave for work. I use thinkorswim web platform to keep an eye on my trades at work, but I try to have most of the leg work done the night before or during amateur hour.

I am a fairly dull trader. I have a consistent strategy of buying and selling what I know. I really don't try to veer far outside my limited knowledge. I do this because I have paid small amounts (read hundreds) of tuition. The losses remind me that my knowledge makes me money regularly, but it is limited. I have a grasp on financials and transportation.

My father is a pilot for United Airlines, and I look to him to give me a feel of airline fundamentals. I have stopped trading UAUA for now because I don't want to make up to a merger. While that might shoot shares up, I don't want to be holding a company that is relatively weak. AMR is weak too, but I have a little more confidence in it as a major airline.

I profit off of small positions. I limit my risk, and I am in out usually in a couple hours. I rarely hold over night unless I am confident in my position. As the market gets a solid direction, I will open up my trades to higher shares, but I just don't trust the current market.

I am testing eSignal charting platform with Hamzei (hamzeianalytics.com) indicators. That is the chart you see above.



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