Friday, August 13, 2010

8/13 Daily Summary

I took a few days off from trading after closing down my AUG position at a small profit. As it turns out, I’m glad I did. I think if the trade was still on I’d have to be dealing with this down-side move and with just a few days prior to expiration these could be hard to recover from. I’m now looking forward to jumping into the SEP contracts, likely to happen next week. I just want to see how we behave and if we break into lower lows on Monday.

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