Crazy Market!
January 22, 2008 by addtrader
I bought a small position in ICE (Intercontinental Exchange) right near the open, and sold it 13pts higher. Pure momentum trade, and I would have held it and averaged down if the market kept falling. Point is, ALL my powder was dry going into this morning “crash”. That was a nice feeling, and gave me the opportunity to buy at a low risk point, with limited position risk, and a potential high upside.
good deal with that one!
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