The Daily Dose of Trading Comments

Sometimes it seems so obvious ... when things are going your way. That's when you have to pinch yourself to realize that it's just a moment in time. The market has a way of changing your thoughts with its actions and reactions. Take today for example. I have talked all along about the need to consider shorts into the 1225 SPX area thinking that from there, a swing trade idea would be good. Now that it's here, and now that I've done it, I don't feel so good. Is this really short covering and window dressing? Is there something more to the move?

There's an old saying that things look the worst at the bottom and the best at the top. I don't about bottoms and tops but I do know that when you fade a move it never feels good until it turns in your favor. That's true on intraday trades and on swing trades. I leave today with a good feeling for the trades made. I look at my open trades and feel OK as well but recognize that tomorrow will be important as to whether the fade has a good chance of working or not. I'll probably think about it more this evening and I'm sure I worry too much. I have a habit of doing that. But you have to step back and look at the trade for what it is ... a trade ... a setup with risk/reward that makes sense for the time frame we are considering. That's all it is ... just another trade.