Thank you Fed, it was nice to be long this morning. I went long a bit early again after taking the profits, but I wanted to lock in another 1% lead over the market. Market update: SPX is up almost 2% YTD, and I have a 10+ % lead over the market.... (8.4+4%) Back at the end of March I wrote:
Hey Pek, I thought SAID you wasn't gonna do that no mo! It's towards the end, and I'm the green, so I figured I'd just stop by and say HI!. Now, about those Stop Loss orders ... JJ
Unless otherwise noted! I noted otherwise. The thinking was this: 1. The market lately has been so volatile, that it could hit my SL then take off without me. I don't want that to happen no more... 2. At this point I am outperforming the market so badly, that even if the market takes another dive (let's say 40-50 pts) I can efford to go with it, I can just start to use the 2nd unit and average down if needed. It is almost like a can't lose position....