Tuesday, September 18, 2007
Nice move by the Fed today
Well, the market certainly approved of the 50 basis point rate reduction. Prior to the announcement though trading was very subdued and there was only one trade I took today which was on crude oil and it was a small winner. My trading plan didn't initiate any other trades for me today. Being a day trader is hard to explain to other people. Friends of mine today assumed that I made a million dollars because of the federal reserve rate cut and the large surge in the market. It doesn't always work out like that and people outside of trading don't really understand that. When people ask what I do for a living anymore, I simply tell them that I manage my own investments...that seems to sound better to them.
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TradeLogger - equity curve management
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