We started a down trend in the last couple days and as long as SPY is below 93.60, I will try and stay short. It is not hard to make money as an intra-day trader during these type of market days. The key I am finding with my trading lately is that I have to let the play unfold.

Lately, I have been trying to force my plays. When I see my favorite setups I am getting too aggressive. If you wait and let your play unfold you will not trade it with such a bias.

There was a perfect example today with FCX.  I lost money getting short on the open because I was aggressively selling it into down ticks. If I had traded the stock with my plan I would have been able to make a lot more money with much less stress. Tomorrow I will try and keep things simple and use more patience. If that does not work I will trade with less size so I do not become married to my positions or biases.

Stocks need to breathe. Some times a stock is not a long nor a short, it is just setting up for its next move. Tomorrow I will use the levels I gathered into the close to make money if we follow through on the downside -FCX 55.20.   If FCX does not get to this price there will still be plenty of other opportunities out there.

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