excerpt from broad based website:
"As a quick follow-up on the ETF trades I mentioned in my last couple of columns, all positions are now closed. About 60% of them were sold when the market bounced last Thursday, and the remaining near the close on Friday. Overall, these trades were losers, but by limiting my exposure, methodically continuing to scale in, and selling once the bounce occurred even though I wasn't back to breakeven, the losses ended up very small. It's about making money when you are right, and keeping losses small when you arenÂ't. I'll talk more about these trades in upcoming columns, since I believe there is a lot that can be learned from them."
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