Monday, August 11, 2008

Monday trade - MOS

This was a nice 3.4R trade. Notice the heavy volume contraction and NRIBs after the big move down in the morning. Oil was coming down, even with all the Russian news and commodities tend to move with oil and inversely to the dollar. You can't kick yourself for not being omniscient. In retrospect, you always could have done something different to make a trade even better and it often feels like you're leaving money on the table. I exited because it looked like oils decline was slowing and possibly putting in a bottom. I was right but it took over an hour for oil to consolidate and eventually reverse.

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