The Bears were out in style today. Still holding $AAPL $WFMI. Sore Losers on $BIDU
As I write this post, we are close to triple digit losses on the dow. As a trader, they say once you let a position go, don't look back. I cant help but look at the BIDU)" ticker="NASDAQ%3ABIDU">BIDU trade this week. The trade was right, the timing was wrong. We could have held and not taken a loss, however we needed to be prudent and cut our loss as the price went against us. For any of you who did decide to hold and go beyond the risk parameter we had setup, you had a nice gain today.
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