SPDR S&P 500 (SPY): yes, and i knew it friday as soon as i p...

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Re: 2bit-nothing post# 108390

Thursday, 08/05/2010 12:13:16 AM

Thursday, August 05, 2010 12:13:16 AM

yes, and i knew it friday as soon as i pulled the trigger. looking back i can say that i simply over-traded it. really did not have an absolute good reason to take the trade, and have paid thus far.

i really do not like to wait for a trade to work out, 1 day is the way i like to play, and this particular one is starting to try my patience...shame on me for getting in when i did. we have lot's of divergence now that has developed and it will not take much for the market to justify taking profits, or, letting bad news retrace the advance. i will be out by friday one way or the other, and have 1 more add to this trade. will pick my spot carefully and average down.

be well, a demain

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