Closing Out A Winner

Trailing stops in my opinion are one of the best ways to let your winners run while protecting the profit that you have. We have all heard the old adage "never let a winner turn into a loser". Trailing stops do just that. Today my system gave me an exit in GS as the market closed above my trailing stop. The position was closed for a profit of $14.25 per share!

I also entered positions today in RSX, TBT and FXY per my entry levels from yesterdays post. The following is a list of my open positions and the stops for tomorrow.

AMZN - Short from $118.87. Stop on a close above $126.41
RSX - Long at $32.62. Stop on a close below $31.42
TBT - Long at $48.68. Stop on a close below $47.35
FXY - Short at $109.04. Stop on a close above $110.36