{"id":741,"date":"2019-12-17T03:52:55","date_gmt":"2019-12-17T08:52:55","guid":{"rendered":"https:\/\/daytradingfreedom.com\/blog\/?p=741"},"modified":"2019-12-17T03:52:55","modified_gmt":"2019-12-17T08:52:55","slug":"the-slow-descent","status":"publish","type":"post","link":"https:\/\/daytradingfreedom.com\/blog\/the-slow-descent\/","title":{"rendered":"The Slow Descent"},"content":{"rendered":"\n

There’s no denying that some periods of the year are quieter than others. Even the stock market, which enjoys an unrivaled selection of daily opportunities, shrivels to become a shadow of its normally magnificent self in mid-summer and again around the Christmas holidays.<\/p>\n\n\n\n\n\n\n\n

That’s not to say there’s no<\/em> opportunity of course. It just means we aren’t overwhelmed with choice. Right now we are in the slow descent to the holidays. It’s at times like these that a good list of core stocks can really help. Especially on days like Mondays when lazy traders like myself don’t want to work too hard looking for easy setups.<\/p>\n\n\n\n

And so it was that this week began with a two-biter on FB. It wasn’t supposed to be a two-biter, but the first bite nearly didn’t work out at all, leading to having to jump out with minimal profit and then have another go. Here’s the chart:<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

It did look quite promising to start. But as I said, it didn’t work out, momentum failed and there was a bit of a drop. Actually it turns out staying in wouldn’t have led to a loss, but you don’t know that at the hard right edge. All we can do is trade according to what we see and avoid loss. <\/p>\n\n\n\n

The second entry was better, but with the magic $200 mark not that far above, there was reason for caution. That combined with the earlier failed entry meant taking a quick exit when things looked wobbly.<\/p>\n\n\n\n

All in all, $930 for a couple of trades that were all done by 10:30. And of course, FB wasn’t the only trade of the day.<\/p>\n","protected":false},"excerpt":{"rendered":"

There’s no denying that some periods of the year are quieter than others. Even the stock market, which enjoys an unrivaled selection of daily opportunities, shrivels to become a shadow of its normally magnificent self in mid-summer and again around the Christmas holidays.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/741"}],"collection":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/comments?post=741"}],"version-history":[{"count":2,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/741\/revisions"}],"predecessor-version":[{"id":743,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/posts\/741\/revisions\/743"}],"wp:attachment":[{"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/media?parent=741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/categories?post=741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daytradingfreedom.com\/blog\/wp-json\/wp\/v2\/tags?post=741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}