They say in trading only an amateur returns to the scene of a
crime recently profitable trade, lest he give back the gains. Well, my name is Gary and I have never purported to be a professional trader; therefore that only leaves amateur. So I bought MSCC back today at what I perceive to be support after selling just below the pattern’s target last week. A mental stop would be below said support at a level to be decided later.
This is done more because I have initial short positions on SPY and TNA (small caps) and only one current bull position (BSX) and wanted balance. I am not entirely sure the market is ready to obediently turn down just yet. We’ll see, but it is operating to the script we have laid out for it, I’ll give it that.
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