New Trade Setups Added
Long: Bank of America (BAC) *Sent Intraday*
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Trade Setups Triggered:
Long Setups: BAC
Short Setups: None
Setups Waiting to Trigger:
Long Setups: None
Short Setups: None
Active Trades:
Long: WING (1/3), BAC
Short: None
Trades/Setups Removed/Closed:
NT=Never Triggered, 1/2=Half position, 1/3=Third position
Long: BAC
Short: None
Trading Notes:
No additional notes: Market is dicey here still. I like my add in BAC yesterday and I don’t want to be overly aggressive at this stage of the game. Right now I have the equivalent of 1 1/3 of a position total. I have plenty of cash that I can put to work, but right now, I don’t want to do that, until the picture becomes clearer. If the market sells off and the two positions I have, do the same, it won’t hurt much because I am primarily in cash, and that opens the opportunity to better setups down the road. If the market improves, then I increase my long exposure – simple as that, but I don’t force my hand on the market, I let the market dictate the terms of my trading.
