Stayed out today, am waiting for tonight's blubbering to get a feel for how the futures reaction is going to be. 9PM is convenient too because Asia will be open and can see how their indices react.
Nuh uh, that fancy thinking is why I am doing as well as I am. PRM™, as B1S2 would say. And to be honest, it isn't all that fancy...It is just acknowledging that what helps me to trade well is understanding the fundamental rules for swinging using time as my edge. Just as 2 1/4 years ago opened up my eyes to not jumping in blindly, so did Dec 18th. I jumped in long and had to suffer some pain through the holidays. I'm now eyeing the September contracts to help continue my edge, because March contract expiration is getting a bit too close for comfort for swinging. So many avenues of attack, it is exciting!
Nothing happened to June. June is fine. But June snowflakes are stale, I like September snowflakes. Remember, you are trading FUTURES. So you need to think about the FUTURE, into the FUTURE, and make the FUTURES your FUTURE PRESENT.