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[viccarter]

When you take a trade you own it. 785 RUT I took it and today I am feeling some heat. Quite honestly today is the first day in a number of months where the market has truly surprised me a bit by its actions. Today's action increases dramatically the likelihood that I take a loss or at best a breakeven on this trade. The trade is already a LOSS for me because it has tied much of my cash up since last Monday, thus I lose the $ I would have made from being able to daytrade that $$. Still short CSX (barely in Green) Short a little GLD from yest. And the largest is the RUT index position from 785 cash. I faded my own weekly buy signal, from 12/16/2011, sometimes it just keeps going up. So that's where we are. Caution up, but I have traded and faded a 1000 of these little breakouts on 5 minute charts that failed. This one still might.