Tuesday, August 21, 2007

Back To Reality

I'm happy that in the midst of all my money-making in the last few weeks that I didn't lose clarity and think:

a) I'm a genius


b) The Hybrid Market isn't so bad after all...

Basically, I'm still an idiot and I still think the Hybrid Market sucks. Sure, maybe it's okay when everyone thinks the financial system is going to collapse, but when people relax, it sucks.

Anyway, after yesterday I'm taking it much easier today. The mistake I made was trading like it was last week. However, things have chilled significantly. I can forget about the multi point trades with size and get back to hoping for and taking smaller pieces of pie.

Back to the grind in other words...


High Probability Trader said...

This week definitely lacks volume and volatility so far. It's probably better to fade volatility this week.

Dinosaur Trader said...

Agreed. Until something changes now, I'm in protective mode. With volume low and the VIX declining it's a game of chops out there.