Day Trading Results March 18, 2013 w/ Video
Cypress announced over the weekend that they are basically going to keep about 10 percent of Savers deposits – to fund their bailout. Needless to say, the markets overseas did not like that too much. It appears they (Cypress) is now looking to revise the “plan” – you can read about that over here: Cypress New Plan. The US Markets actually handled it well. The Dow opened about 100 points lower but quickly recovered, at least at the time of this writing.
Of course this raised the Volatility Index by 20 percent. It also gave Power Trading System Traders some great setups!
We we’re up $200 per contract – withing one hour of the opening bell!
Power Trading System is not dependent on the VIX by any means. However, when we have an uptick in volatility, this normally means more potential profit to be made – so we try to make more! Lately the VIX spikes back down about as fast as it spikes back up – so if we can make double our goal, we do!
Of course, nothing wrong with making $100 per contract, but more is better… right?
Anyways, here’s a quick video illustrating the results – David
