December has started off with a whimper. Nothing much on my watchlist each day and it sure seems like everyone is just sitting on their hands until next Tuesday when Ben Bernanke opens his mouth. I traded nothing today, but I took a couple trades yesterday which didn’t turn out so well. One was probably a mistake, but the other one just didn’t work out. After posting this, both seem a little suspect. The first bar of PAY was very large (20% move or so). I went another round with ATVI, which was probably a better setup, but was definitely against the market trend.
Here are the two trades: