Thursday, August 6, 2009

Day 1 Live

Not much to write home about. Two trades, 1 Par, 1 2X winner for +2.5 points. Pretty darn boring day.

There was a easy trade for +5 in the NQ that I passed on because it was testing the daily low when the signal occurred and I prefer to avoid setups around the day's highs or lows. In my opinion it involves another group of traders that would otherwise be uninterested in the setup. You get all of the action from people just fading the move that you wouldn't normal see. Not to mention, that the pit knows that their are people fading the high's and low's of the day and they love to step in and stop run at those places so I just skipped it all together.

Catch you all tomorrow!

Trade Results:
NQ: +50.00

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