Tuesday, December 2, 2008

Volatility Anyone?

The trading range wasn't as big as we have become a custom to but the rapid shift in sentiment from one minute to the next will leave your head spinning. I took stops on my overnight positions pretty early in the day. I tried to reenter some positions when they started to see a volume reversal but just as quick there was a volume reversal in the other direction. I took the stops again and decided to just become a spectator for the rest of the day. There really isn't much you can do in this unless your time frames are minutes and timing is immaculate. We will get some good set ups soon but I'm not going to try to force trades in this volatile environment and see our recent excellent profits get nicked away.

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