05 March 2007

Gotta Love This Market

As a short term trader, you have to absolutely love these wider ranges...give me a 40-50 point on the NQ's anyday...Flipped right out of my QQQQ March puts @ $1.05 for a quick and nice $18 profit per contract as the NQ's touched into 1725 level...going to hold on to my NVDA calls as the 1704.74 print on the futures overnight trade may be a bottom for the next few days.
A test of 1755 may be in the works for Tuesday or Wednesday where I will be waiting to fade that move...until then I'm going to stay mostly in cash and long...done for the day...jfg.

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