Friday, August 21, 2009

August 21 2009 Prep Overlay And Commentary


No trades again today. I had a hand this morning that I could do nothing with. I was looking for inside support to get tested early AM and the market just took off.

After a move like that on options expiration day, it is best to stand aside. There was little opportunity to do anything the rest of the day. I just do not see the point in fighting for a few points after missing the big run. Same risk and less reward.

It was an extremely slow week for me. This has become a recurring event the past couple weeks.

I am pleased that my plan has produced plenty of good opportunities in the midst of what is usually the slowest time of the year to trade.

The execution needs just a little bit of work. I have an excellent read on what my plan is all about and how it flows. I feel that there will soon be some excellent results.

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