Trade Review: 3-3-08

6:54am - S&P Futures is down right now, maybe about 70 or 85 points. I think we're going to test the lows set in January. ISM data comes out at 9am... pretty key indicator there.

8:05am - GLD and SLV (up almost 6 points) is going nuts right now pre market. I'll be watching this closely.

8:28am - News on TMA about margin call.

8:40am - TMA keeps moving lower, shorted TMA-F @13.33. Risking 15 cents. Put my bid out at 13.01 and got taken. Decent risk reward.

8:59am - shorted POL after a big up move at 6.65 with out at 6.70... it started moving towards my favor but bidders keep coming in. I decided to scratch the trade at 6.64

9:04am - Futures just made a huge up move after the ISM number... trying to get short after seeing SPY stalling and retracing a bit. Shorted EEM but got stop out w/ a 15 cent loss

9:14am - I think SPY was breaking resistance, set a 10 cent stop... got stopped out.

9:17am - SPY broke resistance level at 133.40 so I longed EEM @ 139.74... 15 cent stop, wanted to see if it could break whole # and it did. Got out most of my shares at 140.02.

9:23am - shorted EEM, 15 cent stop loss from the top... it started going down when futures was going down but not as much but then my stop got hit when it made a small up move.

9:28am - longed SLV, GLD look like it was bouncing after some retracement. Got stopped out on my 15 cent stop. SLV continued going the direction I thought it would... stop might've been too tight. maybe try 20 cents in the future

9:31am - Shorted DBA at 43, risking 5 to 10 cents, got out at 42.80. Good trade

9:59am - shorted SPY after breaking what I think is a support level at 133. shorted 200 shares at 132.9 and added to it at 133.03. I was going to cover it all at 133.10. After seeing it go down to 132.8 but stalled and actually bounced off that level couple of times, I got out on its way back up at 132.9. Not great.

10:55am - after watching CZZ for awhile, touching 16 whole number and retracing I finally longed it at 16.15 thinking it's going to break out. I set my stop at 16 whole number but for some reason it got triggered and I got filled at 16.03 and 16.01... weird.

I started trading EEM and SPY in the afternoon, usually 200 shares... it didn't quite work out =( Down maybe $160 today.