Thursday, January 24, 2008

Biting the bullet

Closed my SPY long position today as the doji right at Fibo retracement, does not sit too well for a COUNTER TREND trade.

My GOLD are all doing good as I put on 2 more position on gold related stocks, AEM and BVN. I also longed a put on JPM, seeming it is not too far for a major resistance at $47, my stop is at 47.5 hope this works out. I am so nervous.



Plan your trade and trade your plan, I am adjusting my rule for entries. At resistance/support with a loser stop is actually my preference.

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