Groundhog Day

By -

I was already short 20 /ES on Sunday, and I added another 20 /ES to the short and tightened my stop to 826.75. When I got up this morning, the market was below 810, and I covered. Once we get this close to 800, I feel my profits are satisfactory.

Of course, as many times as we keep bouncing off 800, that means a snap below 800 would be fast and furious. In the past, however, I have found that when I have a really profitable overnight trade, I would be better off just taking the entire day off than trying to keep trading, since I usually fritter away those nice overnight gains. So I think I'm going to count myself satisfied with what has been given to me overnight!