Postmortem 17-Jan-2007

I have only made one trade today, after watching market till lunch hour, I decided to call it a day. No fun. It was a choppy morning. Yep, I got stopped out. In fact, that was a low probability entry. Setup was formed within a trading range. A better entry would be waiting for NQ breaking out from the range. But well, I was struggling between "higher lows" vs "trading range".....It, in fact, looks stupid. Maybe I was just finding excuse to trade. I will be extra cautious and patience, since it is options expiration week.

I did not have a valid entry for the afternoon sell off, so nothing was missed.