January 30, 2008 Fed Day

Net: $76
LFT: $0
DD: -$10
Trades: 110
Shares: 11400

Morning was very slow, virtually no spike trades. Waited for the FED, then traded GE and a little of C. Decided to range trade GE as I saw it kept on bouncing on the range at a very attractive rate, and the amount of money you could make on it would be more than if it went against you.

ge-013008.png

The ES signaled a doji, unfortunately I didn’t believe it.

c-013008.png

C REVERSED from the high and went under pre-fed.

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