HTCH short - scratched

Posted on January 30, 2008
Tags: Day Trading |

It was quiet all the way till the FOMC meeting, I shorted HTCH in the morning and waited to see where the market will go. It initially went my way but then the market started to rally. I didn’t wait to see if it will hold or stop out and scratched it instead at BE. On days like this the brokers make money. I’d rather wait for better risk:reward opportunities.

Comments

2 Responses to “HTCH short - scratched”

  1. oonr7 on January 30th, 2008 3:31 pm

    also took htch… managed some money out of it but it really reversed which sucks.

  2. eyal on January 30th, 2008 3:40 pm

    Nice work getting some $ out of it. I chickened out too early on this one it seems, in hindsight.

    Fed days are always tricky.

Leave a Reply