quick day trade, quick loss, on fly in day to work
this is after it started to drop following the spike due to the release of the FOMC minutes. everyone was profite taking/the momo went the other way. jumped on bandwagon for a small profit. covered at a good time, was a bit late to enter the momo play tho
this is right when it was spiking due toben benankes speech coming up and the release of the FOMC minutes from june. big rapid spike up, was trying to anticipate the drop/profit taking after. was too early, it went up to 12.22 and then dropped to 12 quickly. too early!! didnt wait for confirmation. premise was right but timing was not.
tried to jump on the momo bandwagon after a big fall. was bad timing as it was right when it was bottoming. shoulda went the other way.
trying to play the momo the other way nearing eod. very small profit
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