Thursday, January 20, 2005
1/20/05 Doing better
I didn't start off very good today. I went short at 117775, 117825 and 117900. I covered at 118275. Not very good. Then I sat there and tried to figure out which way this market was going to go!
A little after 10:00 I started selling again... 118175, and I covered at 118000. Still not even but I'm closer. I have to help my Brother move some equipment and have lunch so I come back just before 2:00
I start selling just at the 2:00 hop. 117900 average... and the market hops up again so I sell another round at 117975. I covered all contracts at 117625. I end up in the good! I new the market was going to sell off later in the day, especially as there was little strength at 2:00 cst. 1 hour before the close. It was a good day.
Trader X
A little after 10:00 I started selling again... 118175, and I covered at 118000. Still not even but I'm closer. I have to help my Brother move some equipment and have lunch so I come back just before 2:00
I start selling just at the 2:00 hop. 117900 average... and the market hops up again so I sell another round at 117975. I covered all contracts at 117625. I end up in the good! I new the market was going to sell off later in the day, especially as there was little strength at 2:00 cst. 1 hour before the close. It was a good day.
Trader X
