Busy day of new swing trades. I’ve got four positions working for me, the last two of which were added this afternoon, and that puts me at about 30% of committed capital. With tomorrow being the beginning of the new month, we’ll see if the market can continue to work its beginning of the month magic by rallying strong tomorrow morning. It’s worth mentioning that last time I played PLD (shown below), I made about 32% on the trade. We’ll see if history repeats itself.
Here are my two new stock positions.
LONG: Prologis Trust (PLD)

LONG: U-Store-It (YSI)


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Refusing to take a loss when the trade has turned, and the reason for getting into the trade in the first place is no longer valid, is one of the biggest problems traders face. In this video, Ryan Mallory discusses the pitfalls that comes with refusing to take the loss and instead opting to become a bagholder on one's trades.
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