01Dec9:55 amEST

Locking in the Rest of an Energy Winner; Chess Moves

72702_surrea_chess_painting I sold the rest of my ERY long (triple-short energy sector ETF) at $22.21 just now, closing out the final 2% portfolio position it was. I had previously taken partial profits at at $21.66 from my $18.32 entry discussed in this blog post. Energy stocks are trying to bounce fem oversold conditions this morning, which is enough for me to step aside for now and not relinquish a big, fast win. I may consider a reentry into ERY if we see a weak bounce which fails this week in the XLE. As I noted in recent posts and videos, it is so important to maintains stop-loss discipline and keep losing trades contained so that when a nice winner like this comes along it makes it worthwhile, beyond mere braggadocio.

Late Night Strategy for Mond... The Signs Are Changing


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