Managed to scratch the day. No trade in the first 2 hours because there’s no clear move. Fun started at pm. Was –$320, then calmed down to $4 for a long time, then $86, then $150, then minus –$150, Finally $-1. What’s significant was options play around 2:45pm.
Mkt is so manipulated today and even LC coughed. I used 2011-10-10 and 2011-10-08 transcripts and had 11 winners in a row. Eventually got too optimistic.
Lesson: 1) MM will not follow the majority; 2) Look for the early signs; 3) After many winners in a row (in 30min) , walk away or trade small to keep your profit; 4) 3:30-4:00pm, only manage existing trade, try not initiate new trade.
Thursday, October 23, 2014
W2 D4 WTF $-1 day but big fight
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