tradersams blog

cey close

CEY: Closed my Centennial Coal position on friday at $3.40 for a 17.9% profit.  I decided to take a close where I figure some resistance will kick in – and it seems to have over  the last 5 sessions or so.

Reasons for exit – close below rising trend line / bounce down from upper resistance / slow down in speed of price increase.

On another note – System A still not returning anything!  Surely it must kick in soon.

Anyway, time for bed.  My trading frequency is dropping – I wonder if this means the market is a tad stable at the moment.  I’ve noticed the the increase speed of the portfolio is slowing also.