I Remain Short, But Huge Trim
A great day! 4.6% in the RUT or 4.3% in the TWM. If you don’t know, TWM is an ETF that gives you 2x inverse of the RUT daily close. I cutback my index short at the close significantly to protect profits. I went from being heavy or all in short to lightly short. I might be early exiting that trade, but I plan to get back short eod tomorrow.
I covered all of my TWM and my IWM puts (which I forgot to mention I purchased yesterday). All for large one day gains. 4%+ for the TWM and 30%ish for the IWM puts.
I sold out of the LLNW and RTK today. Market isn’t in the right place to try this long type of strategy that I was attempting. It worked on VCLK and CPSL when the daily trend was up. Now that the daily trend is down, forget this nonsense. Took small losses on those two.
I bought GG and GG calls today as well as the GLD. Gold looks interesting.
