Some of you may recognize the above line from "The Gambler," a famous Kenny Rogers song. I decided that the time to walk away is here. Followers of the RumWave should have about a 10% gain from the time I turned on the green light last week. Not to shabby.
Yesterday I mentioned that I was keeping an eye on something on the RumWave chart. Today it became significantly more concerning to me so I sent an email out to my close friends suggesting that they secure the profits they have made. Personally, I closed out my bullish option positions and set a tight trailing stop on my leveraged ETF.
I believe we are one or two days away from a relatively violent sell off. There is a chance that the market pushes higher still, but the gravity is to the downside.
The scores:
TSP: G Fund
401k: Move toward conservative positions
Questions or comments? Email me: rumwavetrading@gmail.com
GOOD LUCK TOMORROW!
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