Monday, August 10, 2009

Trade 47,48,50 - MQG stopped out

So Friday the US markets payrolls came in much better than expected - an obvious upswing today - I put a stop loss order in all my MQG positions, and it got executed at $44.30 - a bit frustrating to get out at a loss, when they were all in the money last friday afternoon.

The loss wasn't too bad $145.71 - although MQG started to fall again - after topping at the daily high price of $45.18. (entry prices were 43.985, 43.96, 44.44)

The current upswing definitely looks like it's running out of steam - but I'm going to layback and wait for the bears to step in first before I take any my shots at the shorts.