Best Day till now: 9.1% gains in a day. While stocks moved down 1.47%, since they had moved up 1.2% yesterday, it was a blessing in disguise. These are the days that the strategy works for. Over the past 5 days - there was a 3 day weekend, stocks did not much much (over five days) and volatility increase around 15%. All the good ingredients for a massive rise. I am still inside the top and bottom limits for the trade for this week, so unless there is another bad day tomorrow (highly unlikely unless there is some bad news from Spain/Greece, which is not already built in), I should be able to hold on to these gains. Closed at $6,885.59 today, highest till now.
As I once heard - 'Day trading is not about knowing the market, it's about knowing yourself.' As of mid 2011, I have dabbled in options. Started with covered call and moved on to spreads. My linkedin profile is:
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