Just a general point – – although I place trades every day, but favorite kinds of positions are those I can just let sit. These take patience, but as long as you keep your stops fresh, they can do well over time.
Take SGR, for instance. I shorted it below where the arrow is pointing. I have no trouble hanging on to this short position for as many months as it continues to wither away. As you can see, there is plenty of potential for this stock to sink to perhaps unthinkable levels.
About ten minutes ago, I took my profits on a big SRS position, a couple of big DUG positions – – – and I've gone long USO in a big, big way. It's been a good day so far; let's see if my luck continues to hold up.
