“IYR and VNQ (Real estate ETFs) are showing upward signals.
In my Ivy Portfolio selection I am currently in AGG (Bond fund) and now will
put money into IYR (Real estate fund) at market open Monday. “
That is how my last post went. But sometimes what perks up
turns South in a day.
Today we had a big down day. Dow Jones 30 was down over 300 pts and
major indices like the S&P 500 (SPY) and QQQ all turned downwards over 2%. Unfortunately the
IYR turned down as well and my trading system did a fast turn around from up to
down. Yes, I purchased some IYR this morning at market open but tomorrow, I
will be selling it at market open and closing my position. Why? Because I will
follow my system even if it means it turns tail in a day.
In the end I believe we need to cut our losses quickly and
hold on to our winners.
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