Tuesday, June 13, 2006

RE: SIMSCI 13-June-2006: Short trade closed

I have closed my short position at break even point 273.1, SIMSCI failed to break 272.5 even though Nikkei was losing -300 points. After seeing Nikkei gained strength from -300 point loss, I have decided to exit before lunch break to prevent any gap up in the afternoon session. Gain +0.1 This decision might be wrong and miss out potential profit, however, safety is the priority. I am looking for another opportunity in the afternoon session.

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