Thursday, May 6, 2010

WOW

That was the craziest market session that I've ever experienced. I traded earlier in the session and was about to short, but decided to wait for some more confirmation. The market then fell off a cliff. I calculated that if I had taken that short (and executed everything perfectly), I could have made a year's worth of income in a couple of minutes.

I'm actually kind of glad I wasn't part of the insanity. It looks like folks on both sides took a pretty good pounding. My order matrix looked like it had accelerated 100 times. Crazy times.