Covering Up Some Late-Winter Laggards; Chess Moves

Staying true to my word, I am going to ditch a few of my holdings in order to either lock in wins, prevent winners from turning into losers, or keep losses small. 

Specifically, I covered my CMG short at $669.64 from my entry of $660.16 for a loss. I would rather step aside here than risk the name drifting up on me without a profit cushion. So I will opt for the small loss. 

I sold out of the rest of my SRS long at $12.13 from my $12.03 entry in order to prevent a winner from turning into a loser. I had previous sold half of this ultra-short REITs play at $12.63. 

I also covered my LOW short from the other day at $74.80 from my $73.32 entry. This is a small loss and I may be stepping aside too quickly. However, when playing a runaway freight train name for a counter-trend trade I will almost always err on the side of caution if I do not immediately get what I want. 

I also covered the rest of my CAT short here at $80.43 from my $83.03 entry to lock in the rest of that win. 

As it stands, I am currently short GOOGL, short a small piece of LVS after having scaled that winner, short TSLA, and short UAL. 

Regarding UAL, it has rallied the past two sessions. I am still holding the short and am simply waiting to see if the 50-day simple moving average, denoted by the yellow arrows on the daily chart below, acts as resistance on this bounce-back into the highlighted triangle from which it broke down. If buyers clear it to the upside, I will cover. 

Overall, it has been a nice run for me on the short side the past wee or so. And I am simply tightening up a bit here.