"Sell stocks whenever the market is 30% higher over a year ago." - Eugene D. Brody
Hmm, I apologize for the market just a bit less. We've seen, by 3.11, little more real movement that the prior day, but both put and call could have been sold, from held positions, and day trading was very easy to the call on the upsurge. Now, did the market really move? Not really. We remain at tough support and resistance lines, and always seem to hesitate as the market approaches. A 44 point run at the end of day did hold, hitting the 10,650 range, very near the Fib top.
Risk traders only should hold a position over the weekend, or if you are in stop loss that has changed because of the second buy.
But it feels better to apologize less. I thought the market might have stopped breathing this week. I could hear it breathing yesterday.
We had a great day trade on the 520 call, available easily as low as 11.20, and selling to 13.80. Easy profits of $1.50 on it by 3.00 p.m., and a fast breakout
Watch for the reverse to potentially occur within days.
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