Thursday, March 25, 2010

Thursday March 25th

I shorted the Dow Futures at the open selling the 3 point. Brought me in by 2 ticks....went up and stopped me out by 3 ticks before moving to my target later in the session. If that setup were in the Euro or Gold I would have banked profits but the indexes don't seem to have any followthrough anymore. If its not a currency or commodity I don't think I will trade it from now on. Anyhow lost 155 bucks so not a real big deal. I also bought POT at the end of the day and held it overnight. Guess we will find out how smart that was when we open this morning. Here are 4 from the scan:

TLB 11.32 - 10.96

SKS 9.20 - 8.94 (scalp)

PPS 21.65 - 21.37

CAKE 27.74 - 27.42

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