better than a hammer to the forehead!

if you bought down at 47.58 you made a thousand i suggested doing so but urged the use of a stop normally as "I have written in the past we trade for either half points or points we stop ourselves out at a quarter and try to be right way more than we are wrong but if we are wrong we only lose a quarter after a really successful trade like the one we were able to get behind last Thursday you can expand your stops and 1/8 to 1/4 depending on how much you just made.
Oil took off on the southbound train after the 230 open outcry  close thursday we able to safely place stops every time it moved in our direction as it made a straight line south 6 points that was awesome but it does not always go down that way so don't get too used to it.
As you know I did not buy As I have the flu and did not want to have a position when I was already up and really unsure of my judgement due to symptoms turns out my analysis is still on point as oil rallied a buck despite every sign but the technicals pointing south. That is really why we rely so heavily on tech analysis as a timing weapon. We can't ignore economic data just as you cannot ignore a hammer to the forehead which economic data often serves up.