Monday, June 16, 2014

Still Long VRX

$VRX - Still long from last week. There is a lot of overhead nonsense this stock is facing plus the overall market fear of Iraq right now. This also fell below 200dma last week and was booted from the IBD 50.  

Murphy's Law is that if I book the loss it will rally up to 200dma and maybe 50dma.   Will just follow my system which is still holding it.  The system would not initiate a new position with the stock under the 200dma. 

The sell signal on this could book a loss anyway since the sell trigger could happen on a strong bounce below the buy point from last week. 

No reason to guess. Just trade the system win or lose.  Way more winners than losers. 

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