Friday, October 30, 2009

Wild Friday

The end of the day has come. Stocks were smashed, closing very weak, we shall look for continued weakness on monday. Bonds rallied, strong dollar, weak oil. The same correlations have continued. One interesting thing to note, which I wrote about earlier today, gold actually rallied back throughout the afternoon. I will definately look to be a buyer of gold on monday. Payrolls friday!!! Should be a fun week.

Accessing my performance today... My only swing trade was in bonds and that worked lovely. I was scalping s and p's, doing quite well, but made a couple undisciplined trades at the end of the day to end down a few ticks. Scalping requires military discipline and extreme focus, and every so often my mind gives way to market emotion. I will look to work on that next week. I can't wait for monday!

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