And We're Back Up Again....

This is exactly what i meant yesterday when i said you have to be extremely nimble in a bear market and book your profits fast. The DOW is back up big again (240 points as i type). It seems more of a short covering rally before a long weekend to me that actual buying, but its a rally nevertheless. Although BIDU continued its downfall today (down $12), i did not want to risk losing my gains yesterday and so i closed out the position. As you can see, its very hard to accumulate profits in this market unless you make day trades or extremly short term trades, which is the strategy i'm currently using. You will have plently of time to build your long-term positions once the volatility subsides and the market bottoms. For now though, you have to stay nimble and "faster than the ticker" :)