January 17, 2008

Net: +$77
LFT: -$4
DD: -$2
Trades: 46
Shares: 4600

The bond insureres ABK, MBI, MTG fell at the open, ABK down 50%. I figured financials might get hammered today, but I didn’t act on it, deciding to just stick to my strat for the day and be conservative, as is the case when I make a winning streak, I tend to be more cautious now.

So cautious that I didn’t have an opening trade today. It was slow, my first trade was 10:20. Alarm bells weren’t ringing, I decided to be patient.

Overall, just lost on MO.

Trending day didn’t provide much opportunities, I should learn to trade the trending style.


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