Sometimes when trades are put in place you over think a trade and fail to follow the consistent technical outlook. Today’s trade in the Market Direction Portfolio is a perfect example.
The plummet in the morning caused by the Ukraine – Russia clash took out my position in the UDOW shares but left them with a decent profit although I was expecting far more. The rally back this morning was an obvious moment to grab some short SDOW shares which I did.
But then I failed to follow the technical protocol that makes this Market Direction Portfolio trading so successful. Instead I followed my instincts. Here is a full outline of what happened today in the market direction portfolio and why a trade that could have been far more profitable was ended with a very small gain.
Here is the latest trade in the Market Direction Portfolio.
Market Direction Portfolio Trade Alert for August 15 2014
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