Big Mouth Trade Review 11/10/2007

The Big Mouth recommended 5 stocks Thursday night. Base on how the futures were trading, I think I need to rethink how I try to play them. Once we got into October, shorting these stocks, done correctly, could make a good deal of money.

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I have been burned once in a while on doing this so I have become overly cautious selling. As a result, I make no money from them. With all of them on Friday morning being big cap stocks and the futures being down so badly, I should have just hit them with market orders on the open to go short. Even if I put on short positions, like 200 shares, a decent amount could have been made.

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I have been questioned by other bloggers that I seem to try to do too many things and I am not being successful at any of them. I am thinking to stick with only shorting Big Mouth stocks and day trading the YM futures until I start making money. The idea of shorting Big Mouth stocks was what brought me to day trading in the first place.