Thursday Log - Quadruple Witching Expiry

Today I again saw and felt the rhythm of the market pretty well. Used quick reverses when my bias was wrong a couple of times and managed good stops. Entered the day thinking down towards PP and even had a trade for that area that I took off too early.

Went into the day thinking mostly scalp trades so I put on several RT trades through the day. A bit too quick on exits but overall entry areas were generally sharp and low risk. I'm getting more and more comfortable with tighter stops and getting back into the same trade idea while limiting risk. Although the commish costs stack up, it's part of the business and learning process.

After several round trip trades (7) during the three sessions...Result: +5.25

Quadruple Witching expiration day is tomorrow, Friday. This scenario happens four times per year on the third Friday of each March, June, September and December. The "quadruple" expiration involves Index Futures, Index Options, Stock Option and Single Stock Futures. Could be a volatile day in the market, particularly during the late afternoon. This trader plans to get his trades in during the AM session and take the PM off. We'll see how it pans out.

Trade Well !