Stop Lower 47.20 2c+ 12:46 edt
Stop Lower 47.16 6c+ 13:10 edt
OUT WITH A TOTAL OF -4 TO -8C FOR NOW 13:25
Dear Readers, remember this is peanuts in the total picture.
We could still be short, but we cannot and will never change our risk control. We ( you should be) trade with a 2-4$ per share round trip. So the costs are low and we make sure that our risks are low. We will never risk more than 10c for a trade. no matter how attractive it looks. That is why we never lose much. But when we are right we take out 15,25, 40 c at a time out of it or more if it ever turns into a long term trade. Obviously, for this to work, one must trade size. That would be, at least, 300 shares per trade. This is so that readers understand parameters under which we undertake these trades. Good Trading
2 comments:
I have a feeling we're 'close' now.
There might probably be one more headfake on the upside...
Dear Jebuskrite, Indices are showing all 2% or so ( uniformly ) close to their next yearly resistances. Yes indeed.
Good Trading
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