Wednesday, December 26, 2012

Hold signals.

All systems will remain long. I'm done trading for the year. Going to take a break until sometime in January. I closed my positions this morning for a small loss. This is not because I have no confidence in this long signal, it's just time for my annual trading vacation. I will continue to post signals daily as if I'm still trading. Thanks!
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3 comments:

  1. LanaDecember 26, 2012 at 3:57 PM

    appreciate your trading vacation and also appreciate continuing the daily signals for us.

    ReplyDelete
  2. AlgyrosDecember 26, 2012 at 4:15 PM

    Enjoy your vacation, J, and thanks for continuing to post signals during it.

    FWIW, XIV closed below its daily BB for the third day in a row. That usually means some kind of bounce.

    ReplyDelete
  3. JKHDecember 26, 2012 at 7:00 PM

    J, sorry to hear yer stepping off the boat here, but I understand your reasoning.

    To me, this mkt is twitchy... and whenever it's like this, I'm in tradin' it. It's a bit of a crap shoot here (esp since we are lacking the washout to make this long truly low risk), so I am not leveraged hard either way.

    Today's action was quite good to lower yer cost bases, which I did for my longs where I could. I covered some more TNA shorts (nice weakness in Rut today). Stops are pushed lower on FAS.

    Give me a nice gap down open tomorrow and I'll be moving harder to the long side, covering the last of my shorts.

    ReplyDelete

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