Based on some divergence this morning I opted to take profits on my remaining shorts and wait for a bounce. I felt I had the luxury of playing this trade pretty well, so even if we move lower I won’t feel “too much” regret…lol. In this tricky game of trading the pigs get slaughtered, and I didn’t want to be too greedy and was rather happy with how everything worked out in the end.
The pink arrow shows exactly where I opted to bail on the trade and bank gains of 8-10% on my positions. I can’t remember exactly when I entered, but it was somewhere around 4 or 5 days ago when I got my signal. For those who want less lag between when I do a post about my trading activity and when I actually pull the trigger, I suggest you follow me on twitter here. It really doesn’t matter to me because I’m not that active in the twitterverse, but it’s far easier and more time efficient for me to just say I bought this or sold this, verses doing an actual blog post with commentary/charts.
