So I held 2 units of this trade over the weekend as 1 of my primary trade indications was screaming at me, although I did not like that this trade was pushed by rather volatile, macro oriented news (The Greek Tragedy), so I capped my overnight/over-weekend exposure to 2 units. This trade entered my psyche, more than once, over the weekend. I remember reading in "Reminiscences of a Stock Operator", "Sell until you can sleep". I wasn't loosing sleep, just thinking and forming a plan for my exit on Monday Morning. I have exited all my units, got flat and am resetting my exposure to this spread as the market has moved in my favor and I am not willing to tempt fate by hanging on to a volatile, news driven trade. This is a nice reaction to news that the decision on the next disbursement to Greece will be taken in mid-July. Germans are critical of multiple parts of the plan including the next disbursement to Greece, Greek Debt Rollover and the Greek's willingness to agree to proper austerity measures. What? Germans don't want to work too the age of 70 while Greeks retire at 55?
Be Well,
Hemi
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