DPR Update – Wednesday, May 17th, 2017

DPR Action:  Exit at market open

Bull market corrections are often swift and harsh.  It is a pity that today shaved some of the gain, but a winning trade is a winning trade.  In trend trading it’s a fine balance between giving it enough room to grow and knowing when to get the hell out.  Usually, with such a sharp decline, there is more to go and it’s at times like these that our trade discipline is tested.

Hopefully there will be a sufficient bounce into the open from the futures market.  There is often a short term snap back in the indexes before another fall. Lets hope for that, followed by another rapid fall to get a new trade a lower prices.

My best,

John