Thursday, August 16, 2007

not real-time LIVE trading journal for 8/16

My triggers have been burning lately firing several short trade orders but some keeps getting rejected. They just ran out of shares to lend to short sellers. So I bought put options again when the lame attempt to rally yesterday. Granted that the premium on this contracts are already to the roof due to the priced volatility...but the market downside is just to appealing to ignore.

I have been day trading a lot also using 15-minute csticks to lower the spread size. I am being very careful these days when the price action moves are blink and you miss the whole days' move.

But don't get to complaisant as this downside could just snap back up and crush all short sellers.

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