Market Precognition

The goal of this blog is to PRE-RECOGNIZE next several moves in the market
I focus on trading the S&P emini futures and T-notes futures.
A loyal reader will begin to understand the themes, memes, and sentiment that leads the market.

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Johnny Hom

Wednesday, February 14, 2007

Ben the Dove



Ben released his statement. Easy on inflation. Market is on a tear, and I am toast.

Mistake. Trading above highs is not a feature of S4 sell-offs. Should've had stops at 1454.

OK. Got out. I had a hard stop at 1458, but got out at 1457. IDIOT! A tighter stop would've saved you a lot of money. You also thought that Ben would be BULLISH for the market.

I hate hedging!

PNL: -7 hedge, +2 puts

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