Despite The Morning Downdraft I Went Short
We got the breaks I was looking for, RIGHT at the morning open. Unfortunately I didn’t hang onto my shorts and I would have made up the losses from yesterday and then some. Yesterday’s 3% loss is being eclipsed with over 5% down move today for the double beta funds. F$%^!!! Very annoying.
So with the breaks of support at the open I went short. Planning to stay there.
Sold AP locked in 4% gain. Sold ABP locked in 9% gain. Still have ABP in a different account and I might be selling that position as well.
I’m wondering if today ends up being a -300 Dow day.
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