Monday, October 12, 2009

New SPXU Trade

No time right now for details. Follow the regular money management rules for trades with stops for this trade but go a little cautious due to the possibility of a gap taking price a bit further than the planned stop if it gets stopped out. So maybe only use 2/3 or 3/4 of the amount dictated by the stop point.

New SPXU Trade:

Buy SPXU with a market order today (Monday) before the close. Current price is 42.62 which will be blog entry price. Place a GTC sell stop at 42.00 immediately after entry.

1 comment:

  1. I accidentally put the wrong entry price in the last post so I corrected the post and re-published (3:26 ET).

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