NQ

What has been working

The shorter hold times have served well the last few weeks. I didn't have time to update my position page yesterday, as I was in and out many times throughout the day. The only items traded are the same I've mentioned repeatedly...

How I'll trade today

I'm aware of all the calls for stocks bottoming around current levels (1050 in the S&P 500). It might or might not turn out to be the short term low...

New rules going forward

The shorter hold times are serving well, and I'll continue to pull what I can from this strategy. Likewise, diving only in deeper pools is keeping fills reasonable. With quicker trading, one cannot afford much slippage, so keep that in mind before every trade...

3 trades to watch today

Too often traders not only have an opinion, but become inflexible. Direction is never a definite, but rather a probability. It's easy after a good day to convince yourself you "know something". Don't get off track...