Unprecedented Fed involvement and (BSC: 5.64 0.00%) for $2. I am empathetic to the people who held BSC stock in their retirement. I am sure many a law is being drafted as we speak.

Personally, I am relishing every minute of market action lately. Shit has never been this fun, both from a trader and an observer’s perspective. And it’s still St. Patrick’s Day! As a corollary, it is still time for an Irish car bomb. You have until midnight to consume one. Odds are, I’m winning.

The one depressing thing is I had a botched day trade long (TWM: 125.97 +1.56%) at $90.95 in the last half hour. I got stopped out, but with a poor fill, 23¢ lower than expected. I lost $180.

I took a shit (too personal?) and upon my return found that the market had sold off quick and TWM was pushing $93, or, in my case up ~$1,000. This was my only day trade today, so it would have been on top of what was already a day in which I made it rain (up 1.7% all said). I suppose there are worse problems.

I note that this is similar to how I got fucked in 2/3 of my huge (CHK: 21.06 -0.80%) short at 46.40. Accordingly, I am going to adjust my day trading strategy b/c it appears when I use a S/R that obvious to everyone else trading the stock (like day’s low, for instance) it gets taken out by manipulators, ultimately blowing through the logical stops (which explains the bad fill). In the future I will buy fewer shares to allow for a wider swing from my desired stop if it is something as obvious as day high, day low, etc.

In the good news dept. (aside from everything else) is that I have signed up for our March Madness sponsor, INO.com’s Market Club.

The simplest answer to “why did I join?” is that I think I will find utility out of their tools, and that ultimately the more resources I have, the better I can coalesce the infinite amount of market info into actionable (profitable!) trades. If not, there is no risk in trying out their services so may I may as well give it a go.

I’ll let you know how it goes.

FD: iBC receives a commission for sign-ups we generate.