A quick review of today's trades

I was away from my desk for the last one hour, and could not make any comments.

I loaded URE@$3.84 at yesterday's close, and re-loaded them this morning at $3.67 to make average cost be $3.75. Sold half of positions at $3.92 (+4.5% gain). I am still holding the other half URE positions and some SPY call options.


The Pivot Trend System remains its BUY signal generated from yesterday. Will see what the market will bring us tomorrow.

Good Luck!

ps. Today is a tough to trade, to sit tight and to stick to plans. In the case of such a day, my hard learning from the market tells me that you should keep your trades focusing on one side ONLY, either long or short, not both. Don't believe you are smarter enough than others to exactly know where to cover short and change to long. Focusing on one side is the way of avoiding double losses, and sometimes this is the way of converting your losses on paper into profits, if sticking to your plan.

Share with you guys.