Press Your Winners & Cut Your Losers

I sold out of USO because I was on the wrong side of the oil trade. Cutting losing trades before they get out of control is one principal of my trading strategy. Not very original, so many great traders preach that.

WikiLeaks published an Israeli email from the Ministry of Defense that reports- Israeli commandos, along with Kurdish fighters destroyed a significant portion of Iran’s nuclear installations last year. Maybe we do not need to start WW3 right now.

At every end is a new beginning. I traded the former USO capital into The Genuine Parts Company. By my calculations, GPC shares are intrinsically worth $80.

I added 15% more AAPL shares to my position. Press your winners, cut your losers.

www.GreedyPicks.com