Investor's Opinion

Portfolio Update: Captured Profits

Published: 2010-06-04 00:02:00 EDT by Unknown

It has been about a week since my last post. Since then, the equity markets have pulled back and returned back to where they were. The price movement of the last couple days and the short term technicals suggest the potential for another bull rally. However, the long term technicals are not in place yet.

Despite all this, I had a trade execute today. Unexpectedly, the United States Natural Gas Fund ETF (UNG) had a break-out day. As a result of this break-out day, my order to sell was triggered and I locked in more than my minimum desired gains. Unfortunately, this also means that I gave up on significant additional gains as the ETF closed even higher.

The good news is still better to me. I locked in more than 25% gains on this trade. Moving on to the next trade as these markets prepare to rally higher. That is my opinion, you can take it or leave it. Disclaimer: See bottom of page. http://investorsopinion.blogspot.com

Labels: option strategies, update

Updated: 2010-06-04 00:27:56 EDT