Now that we got the FOMC behind us (repulsive as it may have been), it’s time to move forward, looking to tomorrow and the week ahead. Obviously, the Fed is accommodating as it has always been ahead of an election where the sitting president is seeking re-election. In this case it is no different.
Here’s my watch-list and what I’m more than likely to be trading off of. On the long watch-list, I already have positions in CRR, BEAV, NLSN, WYNN, and ALXN but none of them off of the short-list. But as I always do, I keep separate lists for long and short candidates, because you never know when this market is going south and in a hurry. So I try to be a good Boy-Scout (despite only being one in 1st grade) and always be prepared.
Here’s my long and short watch-lists.

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Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face. In this video, Ryan Mallory discusses the pitfalls that comes with refusing to take the loss and instead opting to become a bagholder on one's trades.
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