10Dec2:04 pmEST
Adding to a Winner; Chess Moves
I added more to my UNP short position, marking it up to a 6% portfolio position now.
I added to the short, just now, at $113.72 after my original entry at $118.73 in this blog post.
Rails continue to get hit. And the UNP hourly chart, below, is flashing signs of breaking down below a bear pennant pattern (highlighted).
I am keeping my cover-stop at $124 for now.
As a famous trader one said: "Losers average losers; Winner average winners."
I am playing for the UNP short to become a bigger winner for me.