No. of Recommendations: 0
<You know how the markets work after an important announcement, rate decision, etc - they probe both sides until they find out where the size is, if is not overwhelmingly obvious immediately.>

Made for a good trade. Went into Friday with SSO (double long the SPX) and had the radio on all day until passage of the bailout was no longer in doubt. Promptly sold SSO and bought SDS (double short SPX) and closed it at 12:58. Best trading day ever. Had a plan some luck and the market obliged.

Now I am back to monitoring mode. See what the week brings. I will go with it. Maybe in a few weeks or months I will buy a long position with the intent to hold but for now I trade the market.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.