So I have taken way too long in getting a new blog out there. I have been very busy and have even had the chance to meet some of you at the ScottradeELITE User Summits. Things have been great lately. We are currently working on the next update for ScottradeELITE. With this next upgrade we will be implementing several of the suggestions that we have received from you in the community and during the User Summits. We will bring you more information about this rollout soon.

What has been going on with this market??? I thought I had a strategy figured out and then the whole thing turns on its side. Well, unfortunately we know that there are so many factors at play right now that we have to stay on top of everything all day. It has taken many long term strategies and really uprooted them. 

Am I suggesting becoming active day traders? No. Not if you are not comfortable with that level of activity. What I am suggesting though is to be active in monitoring your account. In this environment, one cannot afford to buy and then walk away. We are in times where one statement from the right/wrong, good/bad person can move the entire market. I guess what I encourage you to do is to observe what is going on everyday. If it makes sense to take some profit off the table, then do so. If it seems that the pain on a loss is too much, cut it and move on. 

I know this seems obvious, but sometimes it helps to remind us of the obvious thing to do. Anyway, I will be back soon with some new ideas for you. I hope all is well and will be talking to you very soon. 

Todd