11. Closed .97, 5319 shares, +$159.57
14. Closed 1.53, 3333 shares, +$99.99
Review:
Total net: +$240.25 minus commissions
14 trades: 7 profitable, 5 losers, 2 breakevens
Shaky start of the day, but an oversold situation turned into a trading range, then a weak rally and then into a panic rally. Took small gains early and was shaken out several times due to the bearish nature of the market. Everyone but 1 (DROOY - gold) of these positions ended up higher at the end of the day. After the markets surpassed their noon highs, things took off so fast I didn't have time to open more positions without chasing them down.
Panic short covering, strong volume, hammer pattern. Looking for bullish follow through tommorrow, but I'm still too bearish to hold positions overnight. This rally puts us back at 50 on the weekly RSI from oversold, so chances are this is only a 2 day bounce.
