A Solid Morning

I'm very happy with my trading performance today. Yesterday was my worst day of the month, and I started today in the red due to early losses in CAM and an ill conceived short in CQB.

CAM was an HCPG play that chopped around, and CQB was a short based on the weakness in FDP, which got "destructed" after it reported earnings.

So after getting "smokeled," I cut my size and made good decisions to get back to green and then make up my losses from yesterday and then some.

First, I caught a short in CF after he couldn't regain his high and made a little over a point.



Then, I bought some AKS on the strength in X and made a little over a point. Also, the whole time I was riding BEAV down. It was the first time in a while where I had a few trades all working out at the same time and it felt great.

Still, volume in the market is light today, so I'm not pressing my luck.

In the summer, when the volume is low, there's a different flow to the market. Trade the morning, take the middle of the day easy, and then see how things close.

Trade Mondays very lightly (volume is always very low on summer Mondays), get a little more aggressive Tues-Thurs, and then trade Friday morning and take off in the afternoon.

Save your energy for this fall and give your eyes a rest. Enjoy the summer weather while you can.