thats the way. anyone find themselves in a situation of being 'fearful' of buying at these levels (for scalps) ??? Its interesting to watch the bear psychology creep in. Which probably means load up now.
Use a trailing stop. If your broker doesn't permit it, get a new broker. A trailing stop in any timeframe is the best way to "let your profits run."
let it run, i sold out of my SSO at 91.50 and saw it jump another $2.00 Still holding QLD looking to sell that at 100+.
Wow, this market is just tooooo volatile, dont get me wrong I would rather trade this market than any other day when the the DOW stays range bound for 5 hours but to see it go from 135+ down to -20 only to surge back to 95+ is quite interesting.