We're having a huge rally today, and with it a massive collapse in – over 12% in the I'm just thanking the lord that I did not my down today... I nearly did on the open because the market opened lower after a pretty nasty sell off yesterday. That would not have been good for today's . As a result, I'm making a nice chunk today so I've decided to take some profits.
My total portfolio is a bit on the high side, and with /VX back down in the 18 handle, I think it'd be a good idea to chop off a little risk. XRT has not reached my target, but it is currently my most profitable position and has one of the lowest in my portfolio. Not to mention, it's a relatively narrow with some of the lowest levels in my book. If the market reverts back tomorrow, I'll now have even more capital to support a fresh trade; if volatility continues to decline, I have several other positions that will continue to profit.