Saturday, May 18, 2013

T.J. Friday's Rally

The market tried to go lower this AM but it could not even close the gap from yesterday. It appears that may set a new high on this Friday. At this point around 2:30pm, I am still not able to get out my two expiring positions yet. It's getting the maximum pain as the market often teach these undisciplined traders. 

My predication turned out to be true. Market started pushing up after 2pm. I didn't have a emergency plan although I thought about it this morning. I didn't come up with a concrete setup. This has to be included in my trade entry. It turned out to be a big lost today after the market pushed to a new high late afternoon.

No comments: