Monday, November 19, 2012
Taking profits.
I try to stick by my rule that dictates I sell a trade if it earns me over 10% in a short amount of time. It's an unwritten rule that prevents me from letting greed take over. So with that, I'm selling all my XIV here. I'll be back with the official signal this afternoon. Thanks and congrats to all system followers.... J
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I'm with you there. I've made a good chunk of the this as well. $358 from 200 shares.
ReplyDeleteAnd congratulations to you J. Not to mention a healthy dose of gratitude.
ReplyDeletethanks
ReplyDeleteHi J good call but i see more upside on XIV sure depends on each trader,s risk management and profit taking rules anyway it,was a good call
ReplyDeleteI closed my SFLY position for 5.65% profit DUST closed on Friday for 32% profit and TQQQ still holding
Thanks, J, for the update.
ReplyDeleteOut a smidge at 1383 SPX.
ReplyDeleteEarly indications are that both JTS and CCI will be selling the long position and heading to the sidelines. If the market closed now, neither one would short here, but neither wants to be long anymore either. See ya ~345p ET.
ReplyDeleteThanks for the comments all.
Hmmmm... not the time for shorts, 'eh?... has a familiar ring to it... ;-)
DeleteYes it does... :) But I'm still open to the idea next week or perhaps as early as this Friday.
DeleteIt does have a familiar ring. I just can't quite place it. Wait a second, now I remember: Robert Prechter, right? Or was Maria Bartiromo?
ReplyDelete