Thursday, July 8, 2010

Bookkeeping: Selling 2nd Half of Long Index Positions

As mentioned about half an hour ago, I planned on selling the second half of my index longs on any move below 1067"ish" so with 1066 breaking now, I will be selling the 2nd half, no questions asked for quite large gains as well.  We gained a quick 23-27 S&P points in about 3 market hours on these trades which is excellent.

Next foray into these instruments will be a strong move over S&P 1070, (maybe 1073ish) using 1070ish as my stop out point but with 2 huge wins in just over a week I don't want to be greedy here and will let others take the harder trades.


Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012