12 October 2007


I just wanted to spend a minute going over my crazy last two days of trade as a quick review of my posts leaves even me confused...On Wed. afternoon I was itching to get involved so I placed some sell order stops at 2186 that were hit and then the market of course took off back to the the upside breaking through my stops overnight for a quick twenty point loss...such is the beast...I had been waiting the whole week for an overnight gap to short into...well we got that gap so I shorted again at 2208 and the market actually collapsed right on cue giving me the opportunity to bag most of that quick drop...covering at the 2170 level...the lesson here is stick to your plan...jfg.

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