Busy, busy

There's been some significant action in the past two days.

My Party Gaming pyramided positions stopped out yesterday for a combined profit of +£50.80. Some of those profits got recycled by re-establishing positions in Ladbrokes, Cobham, Arena Leisure and Quintain Estates. As per my Position Trading strategy, those positions were established at prices lower than my last stop-out prices.

HMV stopped out this morning at 36.9 and I re-established my position immediately at a price of 35.9. The small discount is merely symbolic, and I would have established a brand new position on this gap-down price action anyway -- even if I had never held a position previously. I don't think it will hold, though, with my tight stop in place.

Disclaimer: trades posted are real, but for general education and entertainment only and are not recommendations.
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