Posts Tagged ‘losses’
Still Short Heavy and Starting To Pay Off
I’m still short (heavy since 8-14-10 close). Today I panicked a little bit and closed out my FXP, FAZ, and EDZ with the morning pop. I also sold VXX as well, but I didn’t tweet it. Losses were all small in FAZ, VXX, and some EDZ positions that were bought late Friday. However, I had …
Market Slaps Bears
The market decided to slap bears around today and I got caught on the wrong side – 6% hit. I also took my losses in all the ETFs I mentioned earlier today about 6% as well there. I made 7.6% on TNA early this morning. —- Levels I’m looking for tomorrow. A trade of SPX …
Sold Into The Pop
I sold my leveraged ETFs into the pop this morning taking losses in the 16-21% variety. No more SSO, QLD, UWM. All cash there. However, I still hold leveraged mutual funds and I only do that because of the timing issues. I plan to buy back these leveraged ETF’s if we get a shit storm …
What Sucked Today 862007
Cashing out on Friday. I was more afraid of the technical damage and thought we were going lower. I knew it was oversold, but the market was oversold a week before that and still got hammered. Todays action would have given my index fund trading a nice jolt back up to my comfortable zone of …
