Woke up hungover at 7:45. Went to see NOFX last night.
Got up and started researching which was completely fruitless. I was still 90 long in ABX this morning so I watched it putter around as usual until the dow dropped with pretty strong conviction. ABX was actually rallying towards that resistance level of 54.00 but I had a feeling it would need some market umph to push it past. Didn't happen.
So I just sat around and traded the S&P 500 emini futures on my Global Forex Trading demo account. I have about 10 more days of that (started with $5k and working my way back to even... slowly.) Well as I did that, ABX continued to chop around eventually stopping me out at 51.40. I'm actually somewhat relieved to be out. I saw many trading sites talking about the profit-taking in the mining and precious metal industries right now today. Therefore, my feelings weren't hurt too bad; the ol' ego was a little bruised though.
Well, since I have to abide by the NASD's unconstitutional Pattern Day Trader rule, I only have one more daytrade for the next 5 days... hell, that rule is supposed to protect you; consider that holding over night is really the only way to get around it. Does that sound too enticing to any short-term traders in this market right now??
Enough with this for today... I need to find some fingernail clippers.
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