Wednesday, June 6, 2012

Trading against the market direction is always tricky, because you have to be ready to run like hell when things are not looking good.  The trouble with that is at any time things can look like they are ready to continue with the trend.

I thought we were due for a more significant pullback after stalling at recent highs, however I knew I had to control risk and get out of the way if things didn't work quickly.

took a 1 pt loss fighting the trend today on the S&P 500 futures contract.  The day turned out to be extremely strong.


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