Trading Results for 3/10/2011

+7.28% profit per trade. One of the most profitable days for us during one of the most down days for small caps in general. This is not surprising as contrarian strategies sometimes  work :-)
As you probably understand my strategy designed as a simple short term momentum following strategy. BUT what happens if market suddenly drops in the morning, it creates unique entry opportunities which we don't really plan for... It just happens from time to time, especially in a soft and uncertain market like today. Since we liquidating positions very quickly, sometimes this set up delivers outstanding results like it did today. But, again, we follow the trend, not play against it and what market let us do today is just a gift rather than something we are relying on.