Wednesday 5 June 2013

S&P500 Trade, Stopped Out

Stopped Out -

The market made a new low today and took out my stop loss @ 1,614.00 - that's a loss of 17.65. This correction is most likely much bigger than most or a reversal of the long-term bullish bias. I think it is the former but the only thing to do when burnt like this is stay out the market and let it settle for a while until there is more clarity.

- David.

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