Thursday, February 28, 2013

SOXL Up Big

Our SOXL trade from Tuesday, 2/26/2013, was a huge success. We went against the majority at the time of the trade because it was at support and it paid off in a big way.

I did jump out of the trade late yesterday and got into SQQQ. It looked like SOXL was at resistance and the market was starting to reverse. As of right now, SQQQ is down a little over 1% and SOXL is up 1.5% so it's not looking good at the moment. I'll watch it closely and close the trade if it gets much worse.

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