Boring Couple Days – 2 Losing Trades

December 4th, 2007

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:

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