This will be short because (1) I’m tired, and (2) Jaiku is down for maintenance, so I can’t link to all the great conversation there.
It was another frankly messed up day in the markets… with a flat open, and an up Dow with a down Nasdaq and S&P. That’s no fun. Like I’ve been pointing out every chance I get, stocks were very brittle near important daily numbers. No one wants to be the first to buy a stock up higher.
Still, the month is drawing to a close, and the bills I need to pay don’t care what kind of markets we’re having! You know, everyone says you shouldn’t trade when you’re focused on needing to make money, but my bills don’t care about that either! So, I tried to stay as alert as possible, and spot ideas (I normally just kinda zone out or take the day off if it doesn’t look promising). I ended up taking 3 scalping plays, for three wins. Feels good!
As usual, I looked for certain factors to line up: