Thursday, February 26, 2009

Sometimes Bold is Bad


I must submit that I made a bad mistake today...as soon as we were approaching that 78.3 level I should have stuck a trailer about .10 to .15 below every single long position I owned and let myself get taken out if we fail (which we did)...instead I only took some profits and now regret it...Not much good i can say about today's action...and with the put call so low if GDP comes in bad we really could dump...I chose to ignore put call thinking I could squeeze a few more dollars out of what had been a really nice series of trades with really good entries...oh well live and learn...still have a small long position but not very thrilled about it...The only good thing i can say about this market action today is that we held the 75.6 ish line which is also yesterdays low...

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