Back in the Saddle ??

Been moving offices, has kept me out of the loop a bit, trading too much and not doing too well (not following closely enough). Started the month with a bang and then a fast fizzle.

Today...interesting day, and profitable if I don't blow it yet in the remaining 30 minutes.

What I saw in premarket was that SPY was up to R1, then when the 8:30 news hit it gaped up to well over R2. It then faded back to R2 and down to R1. So what did I do at the market open ... nothing. Many things triggered but I did not take.

I kept my eye on SPY. Of course it went back up to near it's premarket high and FAS did also. So, I bought FAZ at the premarket low +3. I rode it for +16. Exited and reentered with a tight trailing stop (manually adjusted) and took another +2. Since I did not trust anything I traded 1/2 of my normal amount. I'm pleased with the strategy today. Yesterday I was oblivious to the likely turn around at the premarket high and the gap, and got "killed"...not in $ so much as in confidence since I was long 4 positions and took small losses in all. Post market thinking let to today.

I also took a small position in TBT (playing the breakdown of TLT which I could not short). And a small CIG long. Both were profitable. But I was very conservative on share size so the actual $ was not great.

But....smile....I was 5 for 5 on a another very slow day.

I'm glad that it's the weekend so that the feeling of confidence re-awakened will abate and I will not do too many stupid things next week.