Disappointing trade. Out 1/2 at 20.75 and 1/2 at 22.25. Total +1.25 1hr was extended, but was a tad greedy in wanting the lower end of my demand level to get hit instead of the top. Oh well !
Scratch again. -.5. My stops aren't fixed. Once price does something specific I move them. I'm beginning to modify my strategy a bit during these types of down days. I like to trade for 3-6 point targets. 1-2 points just isn't my style, but when the market is extended like this and keeps giving me short signals, I will just make quick 1-2 pnt scalps to the top edge of a demand line until the market pulls back to a healthy level. I've got no patience for winners that turn to losers lol.
spx tagged that line,dvol uvol saying lower,trans saying ignore the selloff http://i.imgur.com/N7Rqvcx.png http://i.imgur.com/EQ2hEuA.png http://imgur.com/krf2C2d