Friday, August 01, 2008

Aug 1 2008 Trading, Choppy with lots of news events

Even though the day was choppy, there were some great scalping opportunities for Day Traders.
There was a considerable divergence in strength seen in the Russell 200o compared to the SP500 the last 2 days.
For the week, the SP500 finished up 0.56% & the Russell 2000 finished up 1%.
2yr bond future ZF vs. Dow Jones future YM.
I traded the first 2 hours, catching a good long off the bottom and a good short on ZB playing an inverse pair strategy between bonds and stocks.
I use the simulator account to place trades to get a better feel for which contracts may be a better long or short.

Checkout TokyoTrader for a recap on July's Virtual Office Performance.


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