I’ve been busy this morning with the market. I began running my first algorithm live this morning. It seeks to define high probability entries for scaling the E-mini S&P contract. So far so good, it has triggered shorts only all morning. I’m turning it off now to dig into the data a build macros to chomp away at it.
I got a bit larger than I should have with LEDS into the bell Friday. The stock stalled out while I was trying to day trade it and I sailed into the weekend with a 10% position. Good lord. I spent the majority of the morning liquidating the position down to around a 3% position. I was able to earn an average sale price of $1.23. Suffice to say, target one achieved, and I have a runner on should the stock gods offer me some crème.
Then the market continued to deteriorate so I bought more ZNGA. Try to figure out that logic. It needs to firm up before the bell for me to have optimism in the name.
Finally, I sold out of YCS, AWAY, and DNKN. Loser, winner, loser.
Now I’m building a sizeable long in patience as they say. This is such a corny saying, but I see traders take pride in being patient while others are risking coin, so I’ll consider myself amongst good people.
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