Thursday, November 10, 2011

Limit buy TNA 42.91

In the event that today's large gap up doesn't fill, I will not chase. I have my limit order in place. Should the order fill, the manual stop loss will be activated if SPY breaks below the 10/13 low of 119.12. According the relatively new stop loss rules, half of the long position would be exited on the close that day and the other half will ride until the next signal.