Wowswers!
HEADLINE: Stocks close at record highs ahead of July 4th holiday
This puts the trade at a full 5% down from the buy & hold position.
Will Boho see a pull-back below his short sell point? (cue dramatic soap opera organ music)
If that pull-back occurs, will Boho cover and break even? (cue dramatic soap opera organ music, one note higher)
Or will Boho wait for a larger drop, to turn the trade into a profit, leaving nunnun in the dust? (cue dramatic soap opera organ music, rising another note higher)
Or will Boho miss that drop, and watch the market rise again, leaving that potential profit in the rear view mirror? (cue dramatic soap opera organ music, rising another note higher)
Tune in at the end of each month, to follow this dramatic series of events! (organ makes a descending pattern, resolving at the opening chord).
Hopefully, he will have enough left to purchase some "Cheer" laundry detergent. His "shorts" might need it!
-ERD50