Monday, February 22, 2010

Latest Move

I just tightened my stop loss in NEP from $8.50 to $9.50 and in the process reduced my risk by $300.00 (($9.50 - $8.50) x 300 shares). I am getting really queezy about this market as recent action is indicating a pullback soon. The extent of this pullback, I do not know. What I do know is that I can control how much I am risking and I want to protect my account. So whatever the market does from here on in I know that I will live to trade another day!

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