Again, day-job has been busy and it left only a relatively few minutes to paper-trade today.
I logged in about 3:30 pm and found FAS dropping EOD as the markets did the same. Because I missed the beginning of the move, I decided to play safe and wait for a reversal. At 3:36, I scalped a quick re-trace for 12 cents then got out when price stalled. FAS resumed its trip down... a smart play might have been to short there but I don't have that kind of mojo yet! Ha.
Went head hunting on SKF as it topped out with the drop in the markets. caught it short at $34.95 and took 20 cents from it. The third trade of the day was a scratch trade on FAS.
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2 for 2, a 100% win rate. Gain of $150 in 30 minutes of paper-trading. One scratch trade not included .
