10Feb11:58 amEST
Scaling Some More Natty; Chess Moves
To quickly update my last post, I sold another piece of my UGAZ long here at $2.83 from the $2.51 entry yesterday. My stop is still at my entry price. I now have roughly 1/3 of the position size on from the original.
As for my other positions, the SRS long is working reasonably well as rates move higher in recent weeks.
NKE is rallying up passed my entry on the short, and biotechs are seeing a solid bounce to throw some cold water on my BIS long.
I am going to see how the buyers and sellers deal with the early-afternoon portion of the session before likely deciding to cut or add to the open positions.
As far as new positions to initiate, I am still looking at quick day-trades rather than fresh swings at the moment.
Trimming Some Fast Gains; Ch... Back in a Trading Vehicle; C...