Dec 7 $7 on 87c

Laugh all you want at the P/L, I'm just glad I'm breakeven for the day.
Traded terribly today,due to over leverage, and not using tight enough stops at volatility spikes. I'm thankful to even be in the black today, because I went well over my loss limits due to my own intuition telling me otherwise(thinking ZN would reverse sharply and ES would reverse accordingly). It did work out, but I should have kept size down and exited at price extremes.

Net P/L= $7 on 87c (terrible) I'm just glad I'm out and done for the day

Overall, the market is trading on really light volume and is dangerous IMO. ES just held 1510 for the longest time while XLF and C were rolling over, finally I got my break for my short when ZN popped, and I got back to break even for the day. Something that made trading very difficult today, was seeing BOND FUTURES TANK HARD, as a result of the mortgage interest rate bailout and bond traders selling. ZN just kept going down, with the 10yr hitting November lows. BOND TICKER has been giving a good summary of the action-
11:08 am - Taking Hits: Prices have been held lower as the market took its 1st hit on the better-than-expected payrolls report, although the much hyped ADP reports 189K guess was well off the mark, while mixed back end revisions also weighed. An uptick in inflation concerns is also hitting the longer end, taking the 10-yrs off to the worst levels since mid-Nov while the shorter maturities have only hit Nov 30 levels. Traders report very light action & the typical drop-off in options volitility levels -post-payrolls. The dollar is still mostly lower against the majors but still bettering the yen as the currency suffers in carry trade.