Tuesday, March 27, 2012

Hold confirmed.

3:55pm: Hold confirmed.

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If today turns out to be an uneventful range day typically seen after large up days, then we should expect a hold signal. I am hoping for a pullback to occur over the next few days, though probably not today, which should give us at least a small gain on this short trade before the next buy and/or cover signal.

I've updated the stats section. After the ~10% gain with the latest trade, we are squarely in the black again for the month and have topped +20% for the first time in 2012.

Here's to a slow and steady climb upwards to my +100% goal for the year. We are well on our way.

Ok... time to be productive. No need to watch the market, especially on a day like today. See ya back here at 345p ET.

6 comments:

  1. Thanks J, I have seen your work and I appreciate what you do. I have been following your signals and doing some real trades for this month and you have been spot on except for 1 call. Kudos and thanks.

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  2. J your calls have been spot on here lately. My risk management requires me to put stops in place.
    "live to trade another day" is a cliche but make sense. You have a 50% stop in place for a long trade. But what about a short trade when the market is "healthy". Maybe put a stop at the max draw down.
    However, your system has an awesome track record. Trade on !!!

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  3. Good suggestion on the max draw down half stop. I'll look into it. Thanks.

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  4. J, your system is in conjunction with another premium service i see, i will be following your ETF guide from now, hopefully i can gain back most of what i lost in the second quarter. thanks for your help.

    ReplyDelete