Thursday, January 21, 2010

Exit SDS and TLT with a market order

I am going to post exits on SDS and TLT. The current price of SDS is 34.69 and TLT is at 92.10, both for modest gains (34.11 and 89.26 entries).

Seeing as I am looking for an intermediate term trade entry on the indexes, I considered "rolling" SDS over to that column, but I will leave that up to any one else on their own. A stop could go either at breakeven and hope for the best, or place it corresponding to the recent market highs.

Anyway, I will try to stay patient and see either some support broken or a bounce to a lower high, before taking a new trade.

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