Update for 2013 on ICT
Just a quick update, I do not usually trade much in the late December early January to begin with but I've also taken on a few new business ventures here in 2013 that will take up a chunk of my time.
The first is remote prop desk trading for a futures firm. I've been trading equities in my own account on an intraday and swing trade basis but am expanding into futures as well and will be doing it with someone else's money heheheh. I'll be focusing on this pre market and morning trading hours.
Outside of that I'm building up a private business venture involving credit card payment systems which will take up a chunk of my non trading time. If this business goes of as planned it should be a matter of putting in the work for a year or two and then having residual income that will be there to fund all my fixed costs and trading accounts.
I will still post some trades here but it will likely be a few times a week at most. I still hold my BAC short which is looking like it should come out good in the next few weeks/months.
$AAPL is down to 500 where I said I would be interested. $LNG is up in a major resistance area where I am looking to short it should pattern appear. $HLF has bounced hard off of the 25 dollar level, which was the low support I gave out after getting stopped out.
Markets continue to operate like a game of Jenga. It keeps climbing higher but getting more unstable. I think a pullback is overdue, but have to wait for pattern. I don't think this will be a collapse, but think that a 5% or so pullback is in order on the $SPY. I'd have to wait longer or later this year for the big one if it is to occur. One day it will happen and the volatility will be so bad the markets will be untradeable for quite a while for small traders like myself.
That is why it is important to setup other avenues for income right now as opposed to when the big one happens.
