SOLD ARUN $10.88
SOLD CAAS $24.23
SOLD ENER $11.55
SOLD 1/2 HPJ $8.66
SOLD MGM $11.67
SOLD MTG $6.62
SOLD MLNK $ 10.02
SOLD FEED $5.09
Saw a lot of chart setups fail today. This is going to be a tough market to trade in, but the major trend is still up. Therefore you should either only be long or neutral. On this pullback, I have taken some profits off the table, but a little too late. I was really thinking of taking some off the last day or two because the markets have run up so nicely since the start of the year, but I didn't. That's what happens when you get too greedy I guess. Don't be afraid to scale out of positions and leave half your position on to ride out. At least you have sold at the highs and realized some nice profits.
My advice right now, if you have profitable positions, set your stops tight!
SOLD CAAS $24.23
SOLD ENER $11.55
SOLD 1/2 HPJ $8.66
SOLD MGM $11.67
SOLD MTG $6.62
SOLD MLNK $ 10.02
SOLD FEED $5.09
Saw a lot of chart setups fail today. This is going to be a tough market to trade in, but the major trend is still up. Therefore you should either only be long or neutral. On this pullback, I have taken some profits off the table, but a little too late. I was really thinking of taking some off the last day or two because the markets have run up so nicely since the start of the year, but I didn't. That's what happens when you get too greedy I guess. Don't be afraid to scale out of positions and leave half your position on to ride out. At least you have sold at the highs and realized some nice profits.
My advice right now, if you have profitable positions, set your stops tight!
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