Just churning a little here the market is sitting right at resistance and without some good news there is a good shot we just float back towards to bottom of the trading range.
Till the market either breaks out and punches some people in the face or breaks down and kicks us in the balls. Just play the range. Right now the risk to reward favors just floating back down to the bottom of the range. When buying or trading stocks ranges are important. Even the great fundamental traders that never look at charts like sg always have an eye on ranges.
So for now I will reduce my position size in 1/2, I will scale in buys to 1/3 position sizes (which I have been doing) , and spend the rest of my days building watchlists and looking up Ukranian mailorder brides for @jweaving . Its a great time to relax a little bit and enjoy profits.
