DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (5342)	11/11/1999 9:48:00 PM
From: Matthew L. Jones	Read Replies (1) of 18137

Alan, I keep a trade blotter (an idea I stole from Marty Schwartz) and I write down several numbers for each 30 minute period throughout the day. I noticed that the S&P started at 1373 and traded a range of 73-80 all day. 7 stinking points. Talk about a lot of work for not much pay! I did 13 round trips to net $792.50! I feel like a SOES bandit! There just didn't seem to be any real conviction in the market today. VIX sat on 23 all day long (except for half an hour at 1:30 when it soared to 24 <vbg>). After the morning sprint, TICK ranged between -225 and -782. How we managed to end up is beyond me. The whole market acted like it was carrying a VW on it's back. Matt

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