Bought BGZ @ 17.71
Sold Short BGU @ 51.41
Posts
The Illusion of Choice
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What happens doesn't matter nearly as much as what you make it mean ... and
what you choose to do. For example, Dallas has been 100+ degrees almost all
sum...
4 comments:
The question is....is this a temporary rally...because you can't stop what has started...or...is the news that good that it has changed the prospects. I am holding on to my short in case of a reversal, but I am not sure it will happen.
This may be the final test of the bears' stomachs.
George,
You have to have faith. Of course having been around so long that you get to watch the re-runs does help. There is no substitution for experience and learning from your past mistakes. You always take a risk going into a government report so that was part of my consideration. Furthermore the risk reward calculation has to account for a hefty adverse move.
Amen! Most news shocks can cause temporary glitches in trends, but not change them. We had begun a down trend yesterday.
I actually doubled my BGZ position at the open (around 114.50 on ES). I was chocking with fear when the market hit new highs, but thankfully, I held on.
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