I Remain Short, But Huge Trim

Home / ETFs / I Remain Short, But Huge Trim
July 24, 2008

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.




Related Posts

Its Been A Good Month
coal stocks, dry bulk shipping stocks, Gold Stocks, Leveraged Funds, Mining Stocks, Natural Gas Stocks, Oil Stocks, Options, Retail Stocks, Solar Stocks, Steel Stocks, Stock Market Charts, StockRake Rewind, Technical Analysis, Trades, What Worked Today
Where do I start? The long RUT did 1.6%, and the SPX and NDX did .60%. I cashed out of this long trade today at the close. ======== Charts posted...
Added To Longs At The Close SPX 1000 Not Real Resistance
Leveraged ETFs, Leveraged Funds
The SPX hit 1000. Yahoo! People are going to short this right here. We had doji days twice last week at the top and then today we “just”...
Bought A Little RUT, Bears Think We Topped
dry bulk shipping stocks, Gold Stocks, Leveraged Funds, Technical Analysis, Trades
The Bears think we topped. There were parades today at all the entrenched bear sites as they got a move to go their way after being wrong for a...
I Remain Long, Bought Some Stocks Trimmed CYD
Leveraged ETFs, Leveraged Funds, Trades
I remain heavily long, NDX and RUT with a larger tilt towards RUT. CYD today was a ripper, I cut a little more back, but I’m still a holder. I...