I closed out of XLNX at the end of the day with a small loss. The market never continued lower but never could trigger a 5 minute uptrend either, we just drifted sideways for the rest of the afternoon. I really did not have another play that I felt confident in placing. I really needed this market to break up or down before I would trade again and this just did not happen. Basically XLNX was a scratch trade for me and this is exactly how a professional trader has a losing day, it’s a very tiny loss! Overall, I’ve had a great week of trading and made my goal on Monday and added to it Wednesday after taking the day off on Tuesday. Tomorrow, I’ll be on the Golf course so this may be the last update until the weekend. If I were trading tomorrow, I’d wait for the market to make a move higher or lower, taking out the high or low from today’s price action in the QQQ’s, before deciding on a play. Have a great TGIF!
XLNX ii