Appetite for risk

I tend to turn away from the market at the worst of times. Last week was no exception. I find myself closing out long positions at the lows of the week, and have missed the rally last few days.

It was just another reminder the amount of patience successful trading requires. Funny that I find myself most successful after events like this. Knowing that I've missed out, it forces me to concentrate more on the tape and dig out those promising opportunities.

Today is a very convincing day as we had an outside breakout day. Appetite for risk seems to have come back. In almost every sector, we see high premium growth stocks surging and safety names lagging. Compiled a long list of promising stocks for swing trades. I tell myself to keep a close eye on them.

Went long on BTU today. Looking to go long on some energy names, premium retailers, and small cap tech on a pullback.

Currently hold (date of entry): MR (7/13), CSL (7/28), CAVM (7/30), DRYS(8/27), FCX (9/8), RIMM(9/8), BTU (9/14)