Friday, March 16, 2012

Closed short trade for a quick 5.5% profit

I have  just closed my "quick short trade" from yesterday on RKH:LSE, 2 minutes before the market closes.   The price has made good progress towards the resistance level but the indicators on the short term chart are beginning to turn.

It's Friday afternoon...I've made 5.5% profit in 24 hours and don't want to leave that exposed to the vagaries of the market on Monday morning so on the basis that a profit isn't a profit until it's in your account....I've taken the money and run!.  My net RRR was a  respectable 2:1.

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