Fridays action - Page 2 - Trading-Lab

kerahc · #11 07-24-2008, 10:02 PM

I didn't start a single new trade today. Short SPY was on from yesterday still and it was working so I wasn't going to over think it. I took a 1/4 off at the end of the day out of pure respect for the market and the fact it moved so fast. I agree if we would have jumped past yesterdays highs there would have been momentum but right now it is looking like news will have to break the momentum down.

kerahc · #12 07-28-2008, 09:52 PM

I want to say that I'm being creative in this market but I'm still sitting short with my SPY positions since it's so simple. What is everyone else doing to deal with this market?

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#11 07-24-2008, 10:02 PM
kerahc Member Join Date: Jan 2008 Location: Cincinnati Posts: 46	I didn't start a single new trade today. Short SPY was on from yesterday still and it was working so I wasn't going to over think it. I took a 1/4 off at the end of the day out of pure respect for the market and the fact it moved so fast. I agree if we would have jumped past yesterdays highs there would have been momentum but right now it is looking like news will have to break the momentum down.

#12 07-28-2008, 09:52 PM
kerahc Member Join Date: Jan 2008 Location: Cincinnati Posts: 46	I want to say that I'm being creative in this market but I'm still sitting short with my SPY positions since it's so simple. What is everyone else doing to deal with this market?