29Jan11:04 amEST

Taking Advantage of the Weakness; Chess Moves

jan-steen-backgammon-players1 I sold a small piece of my SOXS long here at $15.11 from my $13.99 entry from this blog post yesterday. SOXS, is the triple-bearish ETF for the semiconductor sector.  With major component TSM finally cracking today, combined with broad market weakness, the bearish bet is working in my favor. Nonetheless, I am still going to trade around this market as it unfolds, taking advantage of fast gains. I sold about 25% of my position, and trailed up a stop-loss to my entry price.

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