The day after Labor Day weekend O/N dropped around 2% reflecting Asian and European markets' down move in fear of European debt and banking crisis, plus US stalled growth.
Had a good position on SB, WSB and ZS. Need to clear define my objectives of such trades in order to set proper stops and targets. Otherwise, a trade could be taken over by fear and greed. like today's WS which had over 500 before 62% daily Fib. It end up given back 2/3 of profits. From now on, all my trades should be managed as day trades. I will tread the other system signals as swing trades.
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