3/23 – 3:25 p.m. New York time
My bear position on X reached its management point, 50% of maximum potential profit, and I exited. Results to come soon. I shall consider the question of re-entry on Monday.
No other trades today, so this wraps up the week.
3/23 – 10:45 a.m. New York time
All of my holdings are solidly in line with my bearish assessment except for GLD, which gapped to the upside yesterday. The price remains below the high of Jan. 26, which marked the start of the present decline, and so I am inclined to hold the position and see what develops over time.
By Tim Bovee, Portland, Oregon, March 23, 2018
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
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