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Last comment on my short trade yesterday, had to go to a meeting from 2:15 to 3:15, which was right at the time the market quickly sold off and i would have exited with a profit. By the time I got back to the screens the market had rallied and I missed my opportunity. I sold the short ETF this morning for a loss. I continue to live and learn! LOL!
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te_fern wrote:Last comment on my short trade yesterday, had to go to a meeting from 2:15 to 3:15, which was right at the time the market quickly sold off and i would have exited with a profit. By the time I got back to the screens the market had rallied and I missed my opportunity. I sold the short ETF this morning for a loss. I continue to live and learn! LOL!
Perhaps set a profit target stop, before you leave, in case it moves in your direction?
Pro money managers have had plenty of time for staff meetings, decision making and plan implementation. So they shouldn't have to run out and buy a bunch of insurance because they got caught flat footed at a market turn.
te_fern wrote:Last comment on my short trade yesterday, had to go to a meeting from 2:15 to 3:15, which was right at the time the market quickly sold off and i would have exited with a profit. By the time I got back to the screens the market had rallied and I missed my opportunity. I sold the short ETF this morning for a loss. I continue to live and learn! LOL!
Perhaps set a profit target stop, before you leave, in case it moves in your direction?
Thanks, Ameritrade does have a contingency trade setup for if/then type trades. I did think about that after the fact....
From Briefing.com:
Energy shares rally and crude futures return to a three-and-a-half year high following President Trump's Tuesday decision to pull the U.S. out of the Iran nuclear deal. Also, the U.S. Energy Information Administration reported an unexpected draw in weekly inventories, after the American Petroleum Institute reported a draw in crude inventories last night.
Treasury yields rise; benchmark 10-yr yield returns to 3.00%
The U.S. Dollar index (-0.2%) is cooling off a bit after hitting a four-month high this week. Silver futures are up 1%, at a two-week high of $16.63/oz (+0.16). June Gold futures are up 0.2% at $13.15.80 +2.10.