Well with the bounce in the market today, I did not fight it and try an short it. That seemed a little silly. Whatever drove the market today stopped the downtrend on the S&P500 and it flashed a green flag to temporality put a halt to the downward momentum. We need two in a row to confirm a reversal and then the following day by noon would also have to be green in order to go long again. That means Monday at noon at best. Right now the futures are down 1 point but that is nothing. Tomorrow we will jus have to see what she does.
I got stopped out of Ford for a $2.48 profit and of course my short position got closed as soon as the market went ding, ding, ding. I do not think I will make any moves at all tomorrow and just stay in cash, which at the time I’m sitting 93% cash.
Sold F for a profit $2.48
Sold SPXU for a loss $100.02
$97.54 realized profit today. November realized gain = $2198.51 AVG = $157.03 a day. Personal goal = $50 a day. 14 of 21 trading days for October complete.
Unrealized and still holding: $123
Year to date: $562.09
| Stock | Entry | Price | Stop | Profit | % Gain |
| SBUX | $28.53 | $30.58 | $29.31 | $123 | 7 |
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