Closed my Long Treasuries and Short Market Index trading positions today for a small profit overall. Probably about 5%.
Still seeing some indicators of a pending bullish upward breakout so it makes sense to be cautious and take the small profit before it becomes a possible loss.
When they train a new options trader for a company, the first thing they teach them and grade them on is to not take losses. They don't care if the trainee makes small profits only at first, but it's anathema to them to have a trader let a small loss become a big one.
And with the charts suggesting a potential upward breakout and the politicos wanting the same thing, it makes sense to sit back, let things run their course, and jump on the winning horse after the ride is over and the directional decision has been made.
However, with the strength evidenced by this rally, I might go bullish on the next dip.
