Interestingly, it looks like I should have kept the the long BP trade off the support that I cut yesterday - another case where I cut to early. I should have had more conviction in the trade given the strong technicals.
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Thursday, 11 February 2010
Cutting shorts....
Quick note - I have cut my single name shorts as I have lost some of my conviction on the downswing as we have failed to make new lows. I am still bearish, but thought it best to lower my risk and wait for a clearer picture to emerge.
Interestingly, it looks like I should have kept the the long BP trade off the support that I cut yesterday - another case where I cut to early. I should have had more conviction in the trade given the strong technicals.
Interestingly, it looks like I should have kept the the long BP trade off the support that I cut yesterday - another case where I cut to early. I should have had more conviction in the trade given the strong technicals.
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