Wow, what a day. HUGE dow rally at the end of the day of over 300 points. Ignoring how fishy that seems, I never feel like I properly capitalize on those moves. I missed a lot of the middle of the day today, as I do every Thursday. But, I still made 6 trades for 4 wins, 1 loss, and 1 b/e. Not bad.
(I don’t know why I was saying 27.40 instead of 12.40 in the KFN example…. just too sleepy)
I will never trade EXM again. Unless it sets up really nicely and I forget. But probably never.
Everyone go congratulate Dinosaur Trader, who had the second best day of his career today, and Trader Bubs, who had the best day of his career today.
August 16th, 2007 at 8:08 pm
Richard,
Thanks for the shout-out.
FWIW, a week ago when SS mentioned EXM as a swing short I got killed on it only to see it collapse at the close. I just couldn’t hold. I lost 70 cents or something and missed out on a 4 point drop. Not easy.
-DT
August 17th, 2007 at 10:03 am
Thanks for the shoutout, hopefully this is just the beginning.
BUBS