Durable Goods Orders, New Home Sales

Today's trades started out great, but didn't finish so well. At 6:30 was Durable Goods Orders. The news was a bit worse than expected and the market dropped. I made a point on the movement and another 0.5 point on the correction. At 8:00 was New Home Sales. Again the news was worse than expected, and the market dropped. I made 0.5 point on the initial movement. After about two minutes, the market rallied above where it started. I thought it would turn back around since the news was bad, so I got back in short. It dropped a bit and I could have won 1/2 point, but I thought it would keep going. I was wrong and it turned back around and rallied about 3 points. I got stopped out with a 2.5 point loss. That put me at a 0.5 point loss for the day. The 0.5 point loss doesn't bother me as much as losing the 2 points that I was up. It was setting up to be my best day of live trading and I gave it all back because I got greedy. Lance had similar experience...he was up for the day and then lost on the last one. He was down 1 point for the day. Other traders I spoke with did much better than us and made anywhere from 1 to 1.5 points on this morning's trades.