SLV Trade Closed

Exited my three week old SLV trade on today's strength. A couple of adds to the position as the security leveled out in the 32-35 range helped this trade along.

Perhaps SLV will continue higher on a quest to fill the gap at 38ish. This level also coincides w/ the 50 day moving avg.

But my time horizon on this trade was shorter term, and I was fortunate to be able to sell into strength today.

While the volatility has declined somewhat, this was still one one of the jumpier positions that I've held in a while. Hard to imagine folks trading this thing w/ leverage. 
 
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