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!

4 comments:

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

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  2. 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.

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  3. 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.

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