Here's a note I posted in last night's report on Trade Management and my strategy during the past two weeks:During the past two weeks, as noted in the reports and blog, my oversold bounce trades have basically broke even. A waste of time? Not...
Topics: market notes, strategy

I cleared out my entire SSO and DIG positions this morning.

In the Trade Report last night I said I would buy if SSO dipped to $28. I had a limit order in place and was filled at $26.30 (400 shares). I sold half the position minutes ago at $28.50 and will hold onto the rest. My stop for the remaining shares is.
Topics: Trade

I bought on the dip below $100. This is a small position size with limited risk.I'll have a more detailed post later today.
Topics: Trade

I took partial profits (110 shares) on the SSO trade at $37.55. I will use this profit to keep my stop at "break even" level and let the remaining 100 shares "ride". Thus, I will either make money or break even on this trade.
Topics: strategy, Trade