Friday, July 5, 2013

Closed SPX trade

I decided to close out the SPX trade for a $2,828 loss as the market is looking like it might try to re-test the 1650 level which would potentially put this position in a lot of danger. With only two weeks left I don't want to risk getting into a similar spot I was a couple months ago and end up with a huge loss. By the end of this week we should have a better idea where we are going. I will look to add a new position at that point.

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