Tuesday, July 15, 2008

Yet Hope Springs Eternal

Big reversal today. We opened with death and destruction and now everything is just peachy.

My fat gains of this morning have thus melted away. I have taken down risk again in hopes that this bounce can last. Regardless of how much I'm in love with my latest round of short sales I will cover that shit on the drop of a hat and profits will be protected. Period. My gains have been made for this month; targets have been hit. Vacation is near. Why fuck it up?

A handful of shorts remain on my book, all profitable positions. Wort case: they get covered for modest gains. Winners will not be allowed to turn into losers. Besides we may not be done with the downside. If we start knifing lower once again I'll be back on offense. Until then I sit (rooting for these weak ass bulls).

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