It definitely makes it easier to get out. But you got in at an even better level: 115+. That was perfect. Maybe you'll also get out at a better level. Looking forward to the next trade.
"They say you never grow poor taking profits. No, you don't. But neither do you grow rich taking a four-point profit in a bull market." Reminiscences Of A Stock Operator.pdf
What happened to all the steepeners?!! A week ago all I heard was the insti's playing the 10-30s, and within a couple days all I hear is they're bailing on me!! I'm not one to break against the trend, but this is ridiculous.... There should be a reasonable resistence level especially at the 30 levels, but I guess after the last auction all bets are off for more volatility... Have a nice long weekend!
You've got to know when to hold them You've got to know when to fold them You've got to know when to walk away You've got to know when to run Jessie Livermoore is my favourite followed closely by Gerald M Loeb: "Only trade when it is like picking up money off the floor" I like old mr. Patridge (Reminiscences Of A Stock Operator): "Oh no, I cannot get out, I would loose my position. It is a bull market ya know" Maria
Still short ... and not discouraged by the volatility. Retest 113-17 ??? It's a bull market in rates, ya know!