Trade Update: S&P 500 short

We added to our short position today @ 947.3 with tight stops, as resistance continues to hold firm. We'll monitor this position closely through the rest of the week, ahead of key market data.

Today's great traders take advantage of opportunity when presented to them. I happened across an interview given by notoriously successful, professional gambler Patrick Veitch. Reflecting on one of his more famous gambles he remarked, "... it was just a shame that there wasn't a later start to the race", the implication being that he regretted the short window of opportunity presented to him despite profiting substantially from bets he did manage to action. The interviewer responded, "You can't be that greedy, surely?" to which Patrick replied:

"Greed is the wrong word..... there simply isn't any point in not exploiting opportunity to its best advantage within the rules"

Something for all of us to bear in mind. Happy Trading All!