Thursday, February 12, 2009

I've exited all my short trades. The last one was my IWM 45P. I'm going to sit on hands and wait to see whether the indexes are going to hold or break the November lows. Then I may get long depending on the action at that time.

Something I learned is that if I can be out of the market most of the time after making my profit targets, I'm safer and out of harms way. I'm going to wait for the next opportunity and get in when the timing is right. I think that the market is waiting to see what will happen with the November lows test.

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