Thursday another dreadful day going 0-2 on our MLB plays and losing our MLB totals setup. This has been about as bad a start to MLB baseball as I think I have encountered but its nothing I have not seen before in gambling. Unfortunately their is no way to avoid these types of drawdowns. Your only protection is to pick the right wager size that will allow you to stay in action during these.
Friday MLB Plays
On a bright note our swing trade in MOC turned out well. In 2 days we went from 153.11 to 155.30 or a 1.43% gain in two trading days. Usually I like to wait until the close to exit a swing however on these huge gap up days I like to take profits shortly after the open. Also usually your not in at the exact bottom or out at the exact top. The idea is to get something out of the middle..which we did on NOC.
Also we just missed a swing long in SSO except for the EOD rally Wednesday:(
Now its just sitting back and waiting for another swing setup. It would take some pretty big down days for one to set up. This move up today has left the market over bought. I am not trading the short side however as liquidity is flooding the markets still.
Good luck Today