We just locked in 3.2% on 50% of our holdings with sales @ 46.84
on today’s opening.

This allows us time in the trade to see if we get another 3-4 %.
Only time will tell.

Our original thesis was a day and a half trade from a go or no go level.
We found a low risk technical area we deemed ripe for a bounce.

We judged our risk to be 1% to make 3+%
Risk/Reward…Risk 1 to make at least 3 or 4 to one.

We captured that move and achieved our goal. The market will take some time and Price action (back and forth) to get to the next exit level. 47 in the DXJ is not an area it’s just going to run through on an initial attempt.

You’ll note that we always place our orders just in front of the levels we deem “hard to
penetrate” (Resistance), so we get filled!

Trading styles differ depending on your expertise and how much time you’re spending in front of a screen. Some of you take all the chips off the table and some let a % ride.

It doesn’t matter as long as you keep raising your stop.

Our style is to keep taking profits to trade on House money.
If we get stopped out we still make money.

We Trade to Make Money…Not to be right!
Being right is a by-product of hard work and analysis.