Am I the only one who got chopped up this morning? Just got stopped out on my last long entry for + 1 points. Pulled back deeper than I was interested in sitting through. Stalking a long entry from here. I still maintain the view that the LOD is set and that we'll make new highs from here.
Not sure if there's anything inherently wrong with Fridays. Been a long time since I've experienced chop like we had this morning. Mark D Cook said he took Fridays off because a long term analysis of his performance showed a poor result on Fridays. But according to him - it was because of fatigue throughout the week. He also traded lightly on Monday's because that was a bad day too. According to him - he thought it was because he was just warming up after a weekend off. Allegedly, Tuesdays were his best day.
Either buy / hold near the lows of the day and put stop under if you have enough conviction we end higher on day or just wait till the murderous chop ends I think.