A Trade A Day

It’s Sunday which of course means it’s time to review open trades featured on this site as well as any positions that were closed this week.

The AMTD trade is consolidating above its 50 SMA.

The AGU trade is sitting close to 2.5R.

The KGC trade is now around 2.5R.

The SINA trade is at about 1R for me.

The GSOL trade is at 1R.

Longs seem to be working but barely. Look at the DOW and COMPQ I can’t stop think the market will turn lower. I’m having a battle internally. I want to take my profits on my longs and start shorting.

But that’s not my method. My trades need to stop themselves out. Letting the market dictate your action is very important for long term profitability. I’ve closed my longs before based on “fear” that the market was headed lower, only to have the market keep going higher.

See you Monday!

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