Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

An explosion, gate demolished, and the Bulls stampeded the Bears!

Wow!  What a sight!  With such force of explosion, the dead zone was obliterated in a vaporized second and the Bulls run like they were in the annual San Fermin festival in Pamplona.

At this point, price action is screaming buy!  However, with such a strong head wind already expended; I will be looking to buy on retracement and on a gradual scale due to potential profit-taking activities.

Congratulation to those who took the risk hanging on to the bull side; you earned this big win off the gate.

And thanks goodness I only have a small percentage of my money in the bear trade (TZA and SKF) which I mostly like will be stopped out since I placed stop loss below the over-night intra-day low.

Good Hunting!

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