January 3, 2011

Positions Updated for 1/3/11

How I'm Doing has been updated for Jan 3rd. I don't expect to write an update each day, but today's 5%+ increase in UNG deserves a comment.

Normally I would look to make a first addition to a long position when it first moves approx 2% in my favor. Nothing magical about 2%, I just want to see a positive move to confirm the trade is working. BUT, when a position blows past my 2% mark, I'm going to take a wait and see approach.

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