Thursday Log - Short But Sweet

Got back from PIT late Wednesday afternoon after seeing the Cubs split the two games attended. More enjoyable than the outcome of the games was the fact that it was great to be with family and a couple of my best friends over the course of a few days. Now it's back to business albeit for only a day before the 4th of July holiday weekend.

The market opened with all indications of going lower. After the first 5-10 minutes, I went short in the 903 area with 2 C's. First target was for 2 points just above the 900 support area. Price hit my target and scaled out first C. Did not give second one much chance to work. Scaled out of entire position before 1000. Result: +4.5

I was only planning to trade until no later than noon as I anticipated low volume and low volatility after the first couple hours. I was waiting to short the first pullback to the 901 resistance area with an order sitting @ 900.75 which ended up to be hit twice between 1055-1115 but did not fill. That was disappointing because I thought I read the market well and had a plan to swing part of the position to S2 area of 895. Once I missed the ride and price went south without me, I closed down the platform and started the three day weekend early. The day was short (literally and figuratively) but sweet with a profit.

Trade Well !