SPDR S&P 500 (SPY)

[farooq]

I am still not short, this market is resilient to go down, good idea to go long at break out with volume; I might be selling you in that strength. Professionals sell in strength and buy at weakness. Rule to remember. If we go above 44.04 I will be long again.
2X-Be-Me,
Use stop loss whatever number you are comfortable with. If you have profit do not let them become a loss, a small profit is still good for you mental trading well being then a loss. Making small profit gives one confidence that one can trade for living that is how I learn. In a restaurant some time they make 2 bucks on a customer and some time few thousand on a party, but they never refuse any one as long as they are making some thing.
So never be hesitant to take profit or a small loss which usually become bigger loss. JMHOP.
Good luck.