21Nov10:08 amEST

Cutting Two Losers: Chess Moves

76748-Gladiator-thumbs-down-gif-b5MO I sold down two losers into the market's gap higher from the overnight surprise rate cut out of China. I sold my FAZ (triple-short financials) long at $13.70 from a $14.04 entry. And I sold the SWHC long @ $9.84 from my $10.06 entry. As is my style, I keep focused on containing those losing trades, so that when I do come across big winners like UGAZ I can make the win worthwhile. I still hold my FB short from $74.09.

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