My short position in APC is looking better by the day. Oil is retreating with the broad market and currently APC is down 5%. If it stays this low then the uptrend has officially been broken and I will then ride this down. On Monday I will be able to tell if this was indeed a good trade. An important part of trading is being able to watch your money walk away from you while still being follow the technical indicators and understand the dynamics of the market. This trade is one that most people would have sold as soon as it turned against them, being that it usually doesn't behave this way(i.e. on 3.20.09, it disregarded the bearish engulfing pattern on the candlesticks and continued to rally). So far, so good. More updates on Monday.
Current Balance: 814.27
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