I posted about being in the inverse etfs FXP and SDS, but I didn’t post that I took medium sized short trade at the Rydex 10:45 window in the inverse spx, inverse ndx, and inverse rut funds. It was an ultra risky play considering the NDX was already down 6% at that time. I was [...]

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Bought FXP @ 95.61
and SDS @ 72.34
In case you don’t know, these are inverse etf’s.

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The SEC has just guaranteed that market volatility will continue for at least 11 more trading days.
“The U.S. Securities and Exchange Commission (SEC) Wednesday extended its ban on short selling of stocks for a number of financial institutions.
The SEC announced that its temporary prohibition of short selling in the financial companies would be extended beyond [...]

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What a fucking crock. This bailout has been upped to $850 billion from $700 billion. In the beginning I was for a bailout, now, I don’t want to see this bill pass. An example of what was included in this bill, “Exemption from excise tax for certain wooden arrows designed for use by children.”
Don’t believe [...]

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I took my index long off this morning. Its going to be another loss, but this position was even smaller than the last, so not much damage at all. Bought a fresh piece of BWLD @ 40.94. I rolled my index long over to the double dollar fund: RYSBX
This is the Rydex version of UUP. [...]

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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 [...]

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There are many options to for leveraging up a long trade and one of the new popular ways is to use leveraged ETFs and Mutual Funds. If you have followed this blog for more than a few months you will know that this is majority of what my trades are involved with.
ProFunds
Indexes
DDM - Dow
QLD - [...]

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I went short this morning, trying some SDS, but quickly dumped it as the market broke up to new levels. After seeing the way the market was acting, I wish I hung on, but I didn’t. Instead I threw on a larger short position in the index funds at the 10:45 window. Looking for a [...]

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With this historic day, I’m happy to say I avoided it. In fact, I profited a little bit too. Like I said on Friday, “Seriously, my year has been phenomenal already, up near 30% while the rest of the market is down -20%+. The prudent thing for me to do is cash out and wait. [...]

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An old article from The Street.com will give you the background on the market myth, “Sell Rosh Hashanah, Buy Yom Kippur.” Tonight is Rosh Hashanah for those not in the know and we have possibly an excellent buying opportunity. Will I be buying? Nope. I touched on this myth last year.
In the meantime, enjoy some [...]

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That DXD trade was on the money. The Dow is down -682 right now, NDX down -8% (I’ve never seen that number before), The Rut down -11%. While everyone is getting waxed today, I’m safely in cash.
Subscribe to this blog and avoid shit like this.
Dumped DXD @ 64.84 = a very fast 3%.

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Title says it all. Picked up some DXD (small position) to make some money if we do see a print of Dow -500. In @ 62.89.

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Well it was nice knowing you Wachovia. I’ve been banking with First Union for about 6 years before Wachovia took them over. My first serious bank account was with them going back to college. Wachovia screwed themselves with the purchase of Golden West “Toxic Paper” Financial. They blew themselves up with that transaction.
Thanks for the [...]

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Well the bailout draft is likely coming today. I can’t see it NOT coming today. The government simply won’t allow a crash to happen. There is way to much to risk to not throw a $700 billion band aid at this. Plus, the government has endless money and until you understand where that comes from, [...]

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I like money better than losing it.
Sold:
RIG - 3% loss early this morning
EWZ - 3% loss just before this post.
EXM - Throughout the morning. For such a small FRIGGIN position I lost a nice chunk on it. 25% loss taken in EXM. Their docks, their ships all can f off. I like my money and [...]

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