PROTECT THE GAIN Good evening to all large traders, how was Christmas? I hope it was a peaceful Christmas to you all, surely we have gained a little bit. The stop between 20970 and 21000 have not got caught but unfortunately the first night I half closed positions with a small gain but that could be wider. Anyway, I'm short, on an average of 20,750, as I said when we started selling at 20,740, now I've got to protect the gains that I admit is a difficult task. I will not dwell on these difficulties, why do I bring up the method I use and human nature takes over, however, once a post on this topic I write.
So, back to our trade, after 21/12, (21 or 23/12 dates are very important natural) I have a date of 7/1/2011 the reverse, so I might be short at the operational level to date. Since there is no mage as I always say, I have to protect my current gain, then:
To me this is just a transfer for the moment, and confirmation of what I will have it tomorrow if it does not fall below 20,400. So tomorrow I will work from 14 to 15, the price level of 20,430. If before that time will be down below, I will try to sell again on a rebound around that price, otherwise if the legislation were to go down to the hour (14-15) to close the short maybe 20,235, then wait. Remember the prices we do before that I'm not interested.
Maybe I was not very clear, I try to be more schematic: under 20,400 19,800 towards the correction continues. If tomorrow never break me 20400 seconds again, then maybe I close with a small gain (I will post a special closing operation). If I stand still break 20400 up to 14-15, in that time if there are price reported by my method, such as those listed above, work or to increase short positions or to close. However, do not worry about any transaction, the place in real time, so I make a few so I have no problems. Then
eye levels 20400 and 19700, but for now transfer ongoing sideways trend as the past few months!
Good evening to all and good trading!
