Cutting a Loser and Locking in Airline Winners; Chess Moves

The market continues to be extremely volatile not just on a day-to-day basis, but also intraday as well. As such, there is still a premium being placed on agility and discipline as a trader. We simply need to keep cutting losers quickly, while managing winners effectively. With this in mind, I made the following sales: I sold my TZA long for a loss at $12.11 from my $12.83 entry last week. The triple-short small cap ETF did not go below my $12 stop, per se. But I am wanting to keep losses, again, contained. I covered more of my LUV short at $42.84 from my $45.37 entry noted in this blog post to scale gains. I had previously scaled gains in this short play yesterday. And now I am down to a small runner in the name, with my stop-loss at my entry price. I covered half of my UAL short at $67.69 from my $70.45 entry noted in this blog post to scale gains. I moved my stop down to my entry price. So, I cut a loser and locked in some more gains. Currently, I am long NUGT (sold a piece yesterday above $19.50, and short LUV NKE UAL.