Friday, January 7, 2011

Bought the Dip and PRS with a triple swat down

Please review the PRS.   If you don't know what it is, type in PRS in the search box, there are some pretty good example.   Simply, it is a series of channel line extensions.

The PRS 177 is simply another PRS 133 put on the first PRS 133 (multiply 1.33 by 1.33)

I closed out my long 1 hour before close.   Took 5% profit on the futures trade, and shut down the computer, off to work.   No regrets, no looking back, no wondering if I should have let it run for a 10% gain.   Took 5% gain today and shut down the computer.   That is good enough, no getting greedy, this ramping, 78 retracing market is spastic. 

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Insightful and Useful Comment!