This and That

Covered my ICE short. Just like to take profits. It goes much much lower over time, matter of fact I'd say it has 50 points of downside but my time horizon is days to weeks not weeks to months. Captured a quick 7 plus points (since yesterday), a small gift from Mother Market. OK fine. I will revisit the idea once more should it bounce.

Most traders make the mistake of thinking only about their potential profits. However, I'm looking at risk. Should the market decide to really bounce ICE will be 10 points higher in the blink of an eye.

Today I have no interest in trading stocks. I've been laying on the couch watching Wimbledon instead. If I was interested I'd be selling LRCX. If I was a day trader I'd also have been selling LRCX like crazy @ 36. But I am neither interested, nor a day trader.