Started Laddering In Short
Well I went big to the short side today, but not a full position. I think either tomorrow or Wednesday we could see a strong morning move that pushes up then sells off HARD. I want to be in before this happens and use free cash to add to the shorts in case we see a little more up.
I went short in the Rydex 2x funds, long QID, and long TWM. For those that don’t know, those are ETF’s that are inverse the performance of the NDX/QQQQ and Russell 2000.
I did not buy puts, however, thats part of the plan if we see an upmove tomorrow.
