The "gut reverse", as I like to call it in the midcap 400 futures turned out to be a success. Getting out for a $200 loss, and getting long turned into a $700 winner. Although the trade still looks good, and normally I would have no reason to get out, I am out of the trade for a net profit of $500
(-200+700) becuase the long weekend could bring any number of surprises. It's better to be rue getting out of a trade too early b/c of good reasons, then to rue not getting out soon enough b/c of bad reason. Anyone get that?!
Anyway, have a great holiday weekend. I will be in Boston for a college friend's wedding. Congratulations, Josh and Debrah.
Good Luck.
Andy
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