Thursday, December 3, 2009

Thursday Wrapup (12/3) - $938 gain

Started off the day on a good note with an easy short pullback trade just after 6:30AM.  All scale targets hit easily.

Was tempted to enter another short pullback around 9AM, but setup wasn't perfect so I decided no trade was best trade.  Plus we we're too close to the open anyway. Update: Well go figure this would've been a nicely profitable trade w/ maybe a 1 pt drawdown with the worst entry.

Exercising good judgement here at the start.  Carefully evaluating where I'd place my stop before entering the trade and passed on several already where I didn't have a good feel.  On another note, I've already missed two solid trades.  Things are moving fast and I've gotta be quick to catch my entries.

Up over $700 on the day and been sitting on my hands since 10:30AM.  Snooze fest right now.

So after sitting on my hands the better part of the day, I finally took one more trade around 3:15PM EST.  A nice short pullback off the 3 min chart, where I was looking for a re-test of the lows.  Noticed some volume come in around 1108.25 and figured I better hop on board.  Took 1 tick of heat and the trade moved in my direction rightaway.

Stick a fork in me, I'm done.  Don't want any of this post 3:30 action.  Had enough of it of late and I'm publishing this post so that I won't place another trade LOL.

Finished the day up $938 on very efficient 4 of 4 trading.  Was expecting more out of today after the volatile start, but we went flat after 10:30 or so.

Tomorrow is a big day with the jobs report due.  Need to get some rest tonight and wake up tomorrow focused. Up $2000+ on the week and definitely don't want to give it back.

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