Tuesday, November 8, 2011

Rumors aside, there was nothing to stimulate the markets today

Besides rumors coming out of Europe, more specifically out of Italy, today was very light in terms of economic news, at least concerning the markets that I trade. So, as is often the case in such a context, markets were more or less drifting in search of meaning and direction. I kind of like to trade under those conditions because I find it is easier to anticipate support/resistance areas that are likely to hold. You trade the range so to speak. Opportunities maybe rare in such a low volatility context but risk is low too. All-in-all, a good day for me. So here is the net result for today: +$340 trading 1 contract (commissions included). Details below.

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