December 11th 2007
Top 5 Trading Ideas for 12/11
Trading on a Fed day can be risky. You don’t really know what the Fed is going to do with rates, and when the descision is announced is the market going to sell off or run to new highs? Sitting on your hands is the best course of action, but if you’re a risk junkie like me then you’re probably going to take a setup if it occurs.
**WORD OF WARNING**
I will be taking these setups if they occur after the fed’s descision, not before. While I am a risk junkie, I’m not suicidal.
1. RIG
2. CBG
3. QLD
4. BBBY
5. AVR
If you like this post, then consider subscribing to my full feed RSS feed. You can also Subscribe to A Trade A Day by Email and have new posts sent directly to your inbox.
2 Comments »
thewild1 on 11 Dec 2007 at 3:41 pm #
with the horrible 2 second turnaround.. did any of them work out for you
Jonathan on 11 Dec 2007 at 5:25 pm #
Nothing setup. The closest was RIG which gapped over my entry, but gave me nothing intraday to get into it.