Monday, March 25, 2013

Patience pays

Here's a chart of NQ I posted over the weekend. I noted 2810 as a major resistance level, so when the overnight action based on Cyprus news pushed equities up, I shorted NQ, because its the weakest among the lot. I was a little impatient and shorted 2801, with a stop above at 2815. Covered this morning for +10. Its selling off some more as I write this, but as usual, I got impatient with the exit. Blah!

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