Monday, August 23, 2010

Market Action 8/23

Last time the market sold off my timing was impeccable and I made a killer gain in SDS and a nice profit shorting CLF. This time around, I've felt the market was ready to sell off but my timing has not been right. This will happen on occasion. Don't beat yourself over small losses that sometimes occur. Keep those losses small and let your winners run. It's likely I'll get back into SDS tomorrow and maintain my PCLN short as I do feel bearish at the moment.

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