Friday, May 8, 2009

Today in brief

I have mostly scalped today, as you can see in the frenzy of posts, some real time some less so. Frankly, I am not a fan of scalping as it's intensive and you run more probabilities of getting a bad trade (and some were close to being so). However, while we went up most of the day, the action was very choppy, and created scalping opportunities.

Tally of points for today was over 130. I am pleased, but would prefer to find a good long term entry: too late in the rally to do so, and maybe too early for a turn in the trend.

I'll add some analysis over the next two days.

Have a nice weekend traders!

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