SPDR S&P 500 (SPY)

[farooq]

GLENO34,
You should use trailing stop. In most cases it cost only 10 bucks to re enter. Do not let your profit become a loss, now my stop loss is 43.60, it is only 5 cents away from price but that what I was expecting. I will wait here what market decided to give me. You make great calls but you need to work on game plan. It will sound bad but do not let greed eat your profit. If you are trader then work like trader, do not become investor. Suppose you have a loss and if you are investor then do not take a loss on few days stay calm if you try to ride both boats you will be no where. It is not you are interpreting indicators wrong the fault is in implementation. As a fellow trader I become sad when any one of us loose money. I am extremely sorry if in any way I hurt your feeling. I just want to see you successful trader, and that is from bottom of my heart.
I am out of short @ 43.55.
No long yet may enter @ 43.45 or 43.50 with 10 Cent stop loss. Covered my short calls Feb 44 @ 0.60 on CBOE