Covering IWM @ $138.15
Reducing by 5% - Holding 15%
Realized gain of $1.51 (1.08%)
In our morning note today, we talked about reducing short exposure ahead of the weekend. We mentioned covering ITB and/or adding GDX. We overlooked the 5% we added to our IWM short earlier this week.
So we'll take a small profit on that trade and keep working to get short exposure from 20% (at the start of today) to 10% ahead of the close.
Tensions are brewing. Stocks are stretched. China and geo-political tensions. Racial tensions here at home. Not to mention the ongoing pandemic.
Staying short is easy, but don't get over-extended.
Reducing by 5% - Holding 15%
Realized gain of $1.51 (1.08%)
In our morning note today, we talked about reducing short exposure ahead of the weekend. We mentioned covering ITB and/or adding GDX. We overlooked the 5% we added to our IWM short earlier this week.
So we'll take a small profit on that trade and keep working to get short exposure from 20% (at the start of today) to 10% ahead of the close.
Tensions are brewing. Stocks are stretched. China and geo-political tensions. Racial tensions here at home. Not to mention the ongoing pandemic.
Staying short is easy, but don't get over-extended.
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