Thursday, November 6, 2008

Taking Profits

My position made a 50% return, so I closed out my position.

Total time in market: 4 hours and 15 minutes.

It was possible to see this one run more, but support looked like it was forming at 31.10. Since I was trading the front month, I wanted to keep the trade short. Had I traded Dec or Jan's I probably would have let them test and try and break below on another trend.