Long CLF (Added to position)Medium term, CLF has been correcting for months. It may be turning, now, for another run up. When this thing runs up, it REALLY runs.
Bought more @ 6.61 on top of my existing position (bought at 6.44).
Setting a break-even stop under today's low. Hopefully, it may just pop and leave. If not, I get taken out with no loss.
I have found this trading style to get decent results:
- Buy a potential turn with a small position and very tolerable risk.
- If it moves up, and a longer term trend has the potential to develop, use the small profits to cushion a bigger position for lower or no risk.
