We’ve been on the wrong side of the US market over the recent weeks and it’s cost us some nice open profits. We added two new shorts a few nights a go and intend to add some more tonight, albeit we still retain two long trades. Our feeling that a bounce would offer better upside has failed to materialize and here we are with the weekly trend reasserting itself. It just goes to show that some patience and trading with the larger trend will usually be more beneficial than attempting to catch every swing and roundabout.
Account status with current open positions:
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