Friday, August 13, 2010

We opened a short position at 24320 on the ALSI

We opened a short position on the ALSI at 24320.

We expect the market to trend down and will keep our stop loss levels tight. Especially around 14:30 when the news from the USA is released.

If the news is bad, we'll add more weight to an already profitable trade, but never add to a losing trade.

Ride your winners and cut your losing positions so that you have enough bullets when you get a trading signal.

Safe trading

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