Tuesday trades

Posted on July 24, 2007
Tags: Day Trading |

I had a relatively short schlafstunde yesterday so was a little tired and started nursing a bit of headache towards the afternoon. To make things more “interesting” Mr. Market was being even more manic-depressive than usual in the first half of the day. These last couple of days it’s been like pulling teeth out there. Anyways enough ranting, shorting was the right side to be on so I traded MICC, CFC and WYE. Took a loss on MICC and a partial loss on WYE, scaled out of CFC a little too aggressively as it tanked violently and I covered partials into that. The end result of this cacophony of trades was better than I expected earlier in the day with +5.5R.

Very weak day, everything sold off heavily in the afternoon. Are we seeing some cracks in the bulls? Might get some fear reactions, but now I need some shut-eye.