Trade for Thursday, Market Action
August 9th, 2007In just 15 hours of trading since the fed announcement on Tuesday, we’ve seen some serious movement in the markets. What a day today with the Qs covering a range of almost 3% of it’s price. Today was a great day to sit on the sidelines (or go to an appointment). Here’s a 15 minute chart of the Qs since Tuesday:
I should have sat completely on the sidelines, but I instead took an ill-advised trade in HEES where I was almost immediately stopped out. It was also during the time of day where I know my system underperforms.
Related posts:
