19Feb3:32 pmEST
Closing Out Two Positions; Chess Moves
I decided to close out the rest of my ERY long here at $18.40 from my $18.15 entry yesterday to lock in the rest of the win. I took partial profits above $19 this morning, as posted. But energy stocks and crude are putting up a fight today off of the morning weakness. As such, I am opting to close out the trade and look for a possible reentry tomorrow or next week.
I also closed out my RUSS day-trade long for a loss at $11.57 from my earlier $11.74 entry. I wanted to immediately turn a profit on the position in order to swing it overnight, with this triple Russia short ETF. That didn't happen, and I am opting to take the less than 2% loss instead.
That leaves me with a piece of UGAZ on, from $3.04. As long as UNG closes over its 20-day moving average I will swing it overnight again.
Two Delicious Charts This Af... Stock Market Recap 02/19/15 ...