Posts Tagged ‘money’
My Final Trades Of 2010
I was originally thinking that I wanted to have nothing on the books coming into 2011, but I was already long UCO and AUGT. After writing my 2010 trading memories I want to do less, be in control of more, and make more money. On Dec 31st, I decided to double up my UCO position, …
Don’t Trade Based On Bullshit
Its difficult to avoid. You get a nice piece of information that confirms a suspicion you might have. “Commercial traders are more net short now than ever before since 2000.” This is the latest piece of noise circulating. Great. Lets Lay Out The Scenario So you have sat out a 300 point market move and …
Market Broke Upward
Market broke upward on the daily charts, which is really leading the weeklies to a turn. Many indicators are also turning, however, these big up moves that turn indicators in-conjunction this late to the party, often spells whipsaw. I went to cash today, this morning in the index funds. Lost some money today due to …
Buying The Morning Lows Was Smart
I came into today 50% long in my Rydex account and one select long with JCP calls. JCP looked good right out of the gate and I then went into TNA and LVS calls. The market started out with this lame up move, but LVS calls were ripping. I didn’t take the gains. I ended …
A Smackdown Day Is Approaching
I was short heading into today and took half of my index shorts off at the morning window when the market was down. The market started rallying right off the lows. That was a decent gain, however, the late day rally on the half I left on, washed that out. I put that cash to …
