Lost Some Dough Today Flipped It

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September 30, 2008

I flipped my short for a smaller long trade that I plan on exiting tomorrow if the upside continues. I’m still in awe of the daily moves in the general markets. It looks like a 3.5% and 5% loss from the morning trading window – that really blows, but it wasn’t a heavy position, but it wasn’t exactly lite either. Getting two days in a row on the right side of the trade has been a difficult task this past month.

I posted a list of long double beta etfs today and I will buy the usual suspects most likely on Friday for a trade to the upside heading into the following week.

A few things setting up here:

FLIR – I love the way this chart is setting up.


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  • http://www.stockrake.com StockRake

    I also want to look into owning some calls on UUP. The chart on that is also setting up quite well too.

  • Chris Hamilton

    Hi there,

    I tried contacting you a while ago but never received a response, can you please email me so we can discuss my proposal?

    Thanks

  • Chris Hamilton

    Hi there,

    I tried contacting you a while ago but never received a response, can you please email me so we can discuss my proposal?

    Thanks