Subscribe Feed (RSS)HTCH short - scratched
January 30th, 2008 by eyal | Filed under Day Trading. |
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It was quiet all the way till the FOMC meeting, I shorted HTCH in the morning and waited to see where the market will go. It initially went my way but then the market started to rally. I didn’t wait to see if it will hold or stop out and scratched it instead at BE. On days like this the brokers make money. I’d rather wait for better risk:reward opportunities.
also took htch… managed some money out of it but it really reversed which sucks.
Nice work getting some $ out of it. I chickened out too early on this one it seems, in hindsight.
Fed days are always tricky.