TRADING 04 FUTURES

[JLS]

wind,

you worry too much. Higher high, higher low today. Same yesterday. And you jumped off the pony at the beginning of the ride. And at a loss, probably. What are you doing watching JPM and a few stocks turn down and getting scared? BGU is 3X the Russell 1000. Do you know how many stocks are in the Russell 1000? Almost a thousand more than the few you were watching, of which JPM was up almost 5% today.

Having a bad entry isn't fixed by having a bad exit. In case you didn't notice, you were in an up trend which could turn into a swing trade. In fact, the trade today was pretty good in the sense that it shook out some weak hands -- sorry about that. If that happens enough, over a few days, it means the trend will continue up. Heard the old saw about climbing a wall of worry?

If you want to trade BGU and watch anything else at the same time, limit your watching to $RUI. That's the Russell 1000 index. I'll guess price will test that index's 20dma at a minimum. Most of the time that price has tested that average in the last five months, it has also gone over, sometimes significantly. You shouldn't be surprised if it does it again. If it does, that's your swing trade, and your pony left you in the dust. Kapish?