Tuesday, July 13, 2010
Powerful markets...
The markets gapped up this morning and are looking more powerful than ever. Although I still believe that this is merely a bear market rally I know that the markets can rally for longer and further than I can ever anticipate. Therefore, if by day's end I do not see a reversal and sharp sell off in the markets and individual stocks including the ones I am holding then I will exit all my positions for small manageable losses!
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I sold my two overnight positions early in the session and went to 100% cash. $VSAT I took a flat on after being up nicely at Tuesday's ...
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Although in some ways the PDT rule can be a curse in that it limits you from making more than 3 day trades in a rolling 5 day period. The li...
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