27Feb12:15 pmEST
A Win is a Win is a Win; Chess Moves
After entering UGA, the gasoline ETF, back on Wednesday at $36.63 for a long trade, I just sold the other half of my position for about a two-point win.
As I noted, this was a smaller position size due to how thinly UGA trades at times. However, a win is a win.
And after two big wins in UGAZ in recent weeks, recognizing the rotation into gasoline helped me avoid a huge drawdown this week, instead of blindly sticking with UGAZ.
Regarding new trade ideas, AA CAT HLF still look like actionable shorts, and casual dining plays BLMN FRGI RRGB TXRH are still long setups into strength.
No Longer Between the Hedges... Playing a Quality Setup; Che...