Friday, June 7, 2013

GS is VERY Close As well

As you know, I prefer to phase in to core positions, it's the same way Wall Street does it, but for different reasons.

I'd like to add to the GS core short position, however I'd like to see it above >$166 before I would.

At that area I think it is a decent add to or if you like it, a good place to initiate a new short, I'd still leave room to add, this must be accounted for in your risk management before you enter 1 share of the trade. 

WE DON'T DOLLAR COST AVERAGE TO GET OUT OF LOSING TRADES, we occasionally phase in for other reasons, but it's part of our risk management plan before we enter which is one of the main differences.

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