You win some and lose some. The difference is in maximizing the wins and really limiting the losses. So here is my failed XRT trade (-1.8%), taken as a theoretical companion to the USD bounce view * (XRT & USD have correlated fairly well in the past). It’s now closed out as the price lost the SMA 200, rebounded today and was again repelled by it.
If I am going to be raising cash in a high risk market, I am not going to hold something that is no longer technically above the parameter I wanted it to keep; especially since I consider the modern day Mall a freak show of the highest order.
* I mean, I still have the long dollar vehicles UUP & EUO for that, anyway.
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