The market is closed Friday for Good Friday, Passover is taking place, and there is a full moon. Trading may be light because of the holiday, and the full moon always seems to affect the market.
This week, in fact, historically should have shown us lows, and it did yesterday, with drops to the market of 7722 by 2.30 p.m. repeatedly. And moved up in the final hour, still closing under 7900.
Traders that held partials to our April320P sold to top profits on downswing, but we were unable to gain entry to the put at opening.
Let me comment on this:
*Repeatedly new subscribers mention to me "I was not able to get in on the trade" or "the signal was perfect, but I was just unable to buy it to follow the OEX rules".
To trade successfully you will not trade everyday, and you will NOT get in on every signal. You will lose on some signals, and you will simply not even to buy on others.
It is how you learn to day trade and "learn" the market that creates a successful trader
So yesterday we didn't get in on the put, and we're now watching May expiry options only for the future, which remain a bit too high a premium. Thusly, trades we provide will be recommended as higher risk DAY trade only, selling no later than Thursday, prior to the three day weekend.
It is not how much you trade, or how often, but how successfully you trade.
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A field of 111 teams will vie for a $10 million prize to build a practical vehicle capable of getting 100 mpg.
20% of U.S. four year olds are obese.
These are statements that say it all. We cannot devote money to something to save energy, and we feed our children fat food. We are a nation of excess.
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