Tuesday lunch update:
The day trading continues to pay off, while letting me sleep at night. At this stage of the day, stocks could go either way, but my hunch is that they will hold up better than most people think. I would not be aggressive long or short, however, as stocks digest the recent volatility. Pick your spots, define your risk (and stick to it), and don't hesitate to exit winners at your projected levels. Soon we'll be able to step up the size and hold times.
I only traded the ES futures from the long side today, but am prepared to get short on a signal.
Trading accounts equity less than .2% from all time highs set on 10/10/08. (includes open positions)
