In others, I will try to re-initiate shorts if weakness is back in the coming days.
Monday, February 1, 2010
Markets Stabilise. I Cover.
I covered my short positions in all counters. Its always a very pleasant feeling to book profits after sitting patiently for more than a week now in those positions. Crude I closed at a small loss.
I also initiated a small short position in Nickel today.
In others, I will try to re-initiate shorts if weakness is back in the coming days.
In others, I will try to re-initiate shorts if weakness is back in the coming days.
Subscribe to:
Post Comments (Atom)
Posts
Is it correct to cover your shorts when markets are recovering.....see today ....markets again tanked...
ReplyDeleteHi grj,
ReplyDeleteYou are right. I generally don't cover just because the markets are recovering. Yesterday, it was a lack of clarity which made me cover. Anyways, you can always get back in which I did early enough in today's session. So that was ok:)