Hey all,
Every once in a while you get shook out of a market only to see it go to exactly where you thought it would go. Today was an example of such an event. Readers will recall the massive bull flag formation that developed through Tuesday's trading. I went long on the breakout only to be stopped out as the market pulled back first thing this morning. The market then turned and went literally straight up to our target of 120.05. UGH! There really isn't anything one can do about it. Respect the fact that the market does indeed do this sometimes and move on. I will take some comfort in the fact that we picked a target and indeed the market went to the target - and move on.
That's all for this post,
Brian Beamish FCSI
The Canadian Rational Investor
the_rational_investor@yahoo.com
the-rational-investor.com
All appropriate disclaimers apply, DO NOT risk capital in options trading that you cannot afford to lose.
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