We opened two new shorts on Friday only to see the market reverse sharply higher. The employment data was horrific, including significant revisions from the prior month. Why the market rallied 5% is beyond us, but we’re not here to question the market. One lesson is that if the market doesn’t do what it obviously should, in this case go lower, then you’d better watch out because it will flip the other way with vengeance. As such we’ve taken some defensive action where possible but we’re caught short here so expect some slight profit give back into year end.
Trades executed on Friday:
Click to enlarge
The account remains 12% ahead after 9-weeks based on 0.5% risk per trade.
Click to enlarge
Facebook comments: