8/22/2011 8:51 PM
I’m back from vacation and had a pretty crazy day today. The market was bullish at the open so I was looking for longs. I should have been a bit more hesitant with all of the negativity in the markets lately (and the big gap over the weekend) because the market tanked at the open and dropped about 15 points in the first 40 minutes or so.
However, since I was looking for longs, I was fighting the market and started off with four losers (-5, -1, -5, and -2). I then started looking for shorts and took a +10 and -3. I took a few more trades (2 longs and 3 shorts) for +8, -4, -5, +10, and finally +4 to put me ahead (barely) for the day.
Since I had been fighting the market and going back and forth, I decided to call it quits with a small profit. I took 11 trades in the first 15 minutes of the market (way more that I like). Once again though, I was down a bit (about 15 ticks) and was able to come back and not have a losing day.
