Buying back

Time to close the trade. (65.95) Update: managed to get out at 65.90

Update

Have found a nice trend to cling on to. Waiting to see if we can gain some more before exiting.

Short

Short is the new long. Sold ERIC short at 65.20

We are in a true bear market no doubt about that. Was aiming for a bear market rally like yesterday, but did not manage to succeed. Some time you got to exit your bad ones, but unfortunately today's bad one was exited badly. The market bounced back just after I was tricked to get out somewhere close to today's low. Well well, let's hope for this to be the worst day of this week (which it will be unless tomorrow will bring total black out).

Exiting

Selling my position here at 65.10 and quitting my long project

Long position

Bought some ERICs at 66.70

Summary of the Wednesday

It is very easy to say in hindsight, but I really saw the development of the rest of the day after I sold coming. ERIC moved so quick north everybody knew it was time to sell. And so they did and the markets went down. The only thing I regret is that I did not trade more today since the bear move was of equal amplitude as the bull. Well, at least it was a well timed exit and I am happy with that. 

Done

Sold at 67.60.

Moving fast now

Will be selling at 67.60

Buying

Bought ERIC at 66.70

End of day and looking forward to tomorrow

I did not manage to find a good entry point today why I chose to stay outside. ERIC was trading horizontally which means small chances of profiting from following the trend. Looking forward to tomorrow.

Today

No trading so far today. Waiting a little to see if we find find an opening to take position.

Today

That we were on to a downward trend today was obvious. I took position a tad late to be able to get the most out of it, but still a profit.

Closed the trade at 65,80

At the end of the trading day.

Short

Short pos from 66.15