Bailout Explained ... :-)

Monday Day Trading: ES Long Trade $1050 per 2 Contracts

Click on chart for comments of the ES Market trade.

Trade Total $1050.00 per every 2 contracts. This was a day where being patient, just like a good fisher paid late in the day. My decision making process was not to trade the morning due to President Bush and President Elect Obama speaking today. I wanted to see what all of this talking would do to the market.

Before this trade, there was another opportunity to make a little money, but I am not showing this trade. The best trade of the day was definitely the ES trade that I made late in the trading day.

Tuesday looks to be the last day I will be considering a trade for the month of November. More importantly, I will be looking for an entry early since there is some "red" reports at 8:30AM Eastern time. There is also another red report at 10AM Eastern time. So this is the time frames that I will be looking for a trading opportunity.

Let me make this clear, I am looking for an A+ trading opportunity, and if I don't get what I am looking for, then I will stay on the sidelines and call it a month. In any case, just wanted to share some of my thoughts for tomorrow as I am planning out my day.

Good Trades,

David AKA Tiger