Sometimes You Get Your Mind Wrapped Around A Trade

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June 25, 2008

I’m short and took the hit today.

SPX lost 1%, RUT lost 2.2%, SRS lost 2.7%, FXP lost 4.4%, TWM lost 1.85%. NDX was the strongest today, but I have no exposure to that index right luckily.

BUT the action today looked strong and finished weak, RIMM was down 8% after hours, ORCL down 3.5%, and the “Fade the Fed” trade is on. Essentially its whatever direction the market closes after the fed announcement, take the opposite trade.

I’m pretty wrapped up into my short swing trade here and choosing not to make day trades right now.


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