Market closed with a new high last Friday, which completely taught me a lesson to me. For my short positions, DUG, ERY and SPXU shares got stopped with some loss, while keeping OCT DUG calls and OCT SPY puts. I have to admit that I didn't do good on risk control this time, too convinced with last Monday's sizable down, and underestimated bulls engery to push market to a new high. Well, wrong is wrong.
Well, I added long positions on Friday: AMD and MGM.
AMD looks that it bottoms out. MGM is lagging while LVS shows a lot of strength (breaking out) on upside. So, I am expecting MGM to catch up from here.
Good Luck on your trading next week!
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