All you had to do was short anywhere within the first hour and hold on for the rest of the day. Piece of cake. Of course I didn't do that, but I'm sure we'll soon hear from all the good folks who make a killing....
Me too. Bought the open, made 2 points and sat on my hands the rest of the day kicking myself for not shorting.Helene Meisler warned this morning about false breakouts.
Didn't like the squirrely action so left early. Just back to see this selloff, nice for anyone who got a piece. Tommorrow should be interesting.
Yeah, in retrospect it was easy, not so for my system that did so so today: YM up, ES down. It get wipsawed a bit because of the tight range during the first few hours.
Everything is EASY in HINDSIGHT.... But overall, not too bad... But you had to be willing to hold through the midday whipsaw.
Sort of like every day. Worst meeting I ever went to was when a (non trading) manager showed us on a blackboard how the previous day's trading was easy, even though we all lost money. It is so easy when you look back. It's even easier if you look back and had not traded in real time. Anyone have next week's newspapers for me? Rs7
SHT the SPY @ 90.51 covered @ 89.99 and then watched all that money go into someone else`s pocket...oh well. C.