Trying another short here @ 1114 ES

I mean really ....

This market is impossible to trade unless you take your profits after a 10 point (mainly overnight move). Some may get lucky getting some of this run on either side - I am not one of them.

This truly is insane. In the past 2 weeks I finally got my confidence back because I had some great entries on both the long and short side - positions ended up with nice profits but I was not willing to let it go after 10 points - not greed but trying to trade a proper swing. Its ironic but my P/L over the past weeks is pretty much zero (besides the commissions) since everything ended up stopping out at break even - lol

Regardless of those frustrations - I am quite confident again and feel a lot easier taking positions then before. Patience is a virtue. As I am slowing down with work starting next week I will finally have time to dedicate towards this blog again - I hope you all are still around.

Long @ 1093 ES

Just went short

Full position. No stops yet but mental of course above 1118 SPX

Wow

Did not expect that one ... especially after hours. Thats the first time in a while that we get something like this especially after hours. Generally its before the open but now for asia and europe to absorb this news overnight - a lot can happen on either side - another 15+ pts lower? or back to break even at the open as the recession is truly over now that the feds are tightening.

I took short positions at 3:00 expecting some type of selling, and the fact that we had a 2 point range in the last hour the day before opex made me cover the position at break even anticipating a run towards 1118 as the worst case bear scenario to re-short.