The Daily Dose of Trading Comments

Here you'll find short quips concerning the market mood and direction posted intra-day as the market dictates and time allows. You can find TATs strategy here. Comments here are from a trader who trades for a living.

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Monday, June 27, 2005

The best counter trades come a day or two after the big drop or jump, not immediately. Today, for example, the big bounce is unlikely. It's more likely to come tomorrow or Wednesday. What that means to me, as a trader, is that today is a trade of small amounts. I've been in and out of the YM (DJIA futures) 3 times so far, all long. I'm just scalpling small profits on an index that was racked the last couple days. The risk the next couple days is for a snapper rally after Thursday/Friday stretch. If you can catch it, great. In between you can scalp the extreme position for decent profits.

posted by Tat | 9:54:00 AM

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