The trading diary of Paul J. Singh. I trade full-time and empower traders by making the complex simple. I can be contacted at SinghJD1@aol.com
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Wednesday, March 11, 2009
USD
One of my favorite bottom plays going into yesterday's bounce was USD (semiconductor ETF). While I am still holding a partial positions, it's now moved right into resistance. I may add to it on a pullback.
Nice series of trades lately. Congratulations. Where did you take partial profits on your USD position? Do you target the 50MA or do you scale out? If you scale, could you share your thoughts on scaling out in such a position? I purchased QLD's Monday and scaled entirely out today due to declining volume during todays trading. Thanks for sharing your thoughts.
Nice series of trades lately. Congratulations. Where did you take partial profits on your USD position? Do you target the 50MA or do you scale out? If you scale, could you share your thoughts on scaling out in such a position? I purchased QLD's Monday and scaled entirely out today due to declining volume during todays trading. Thanks for sharing your thoughts.
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