Well I got to 7 ticks profit with a target of 8. I had my stop at 1 tick above break even and I just got stopped out.
There are trillions out there floating around looking for a home. Real Estate is sliding down the tubes, Commodities are dangerously high, so what is left is the US stock-market. It is either that or stuff it under the mattress. The US market is perceived a mattress to a lot people. The game of musical chairs is in full bloom and the bubble formation is in full force until the inevitable burst somewhere down the road. Just don't be left standing when the music stops.
Tough to be short lately, what will all the spontaneous news all of which is popping this mkt. Obviously "they" want it that way
IBM buy back share second the was new,s leaked about it probably that while we saw suden short squeeze ]
I'm having a good day today trading futures, but what pisses me off is it's a gread day for the overall stock market and my swing trades are doing nothing.
Yes, I tried a little nibble on the short side and was quickly stopped out. I'm sitting on the sidelines until a better spot shows up. No sense in pushing it.
I really dislike feeling like one side of the mkt is taken away from me, the random news (at least randomly released to us) makes it tough to go short because even if your spots are picked well based on a solid methodology, news can easily supercede anything else. I rely on consistency of mkts, not random spiking action that comes out of nowhere. Ah, just venting