About time! However, the risk/reward was crappy and the gain matched that. Today the NDX gained .70% and the RUT did .26% whoooopeeeeeee. Overall I lost money this week attempting to short the trend. I said buy weakness and that is what I did today at the close. I’m now long the NDX and RUT [...]

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Did we get a signal today that the US dollar is ready to rally? Commodities got slobber knocked. Steel, coal, shipping stocks, ag stocks, oil and oil stocks as well as alternative energy stocks, you NAME the stock it got crushed today. However, the financials held up.
Commodities go down, dollar goes up and with the [...]

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Who gave you biotech way before the move started?
I didn’t get to make a post yesterday, for no other reason except fatigue. I’ve been tired lately, nothing to do with trading, just going to bed late and getting up early. I’ve been doing this for over 10 years, but for some reason its now affecting [...]

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I took an index long this afternoon on a lighter amount of money. I want to be careful. After losing everything I made yesterday in the leveraged mutual funds, that is a little bit of a wake up call for me considering yesterday was a huge day for my account. Dennis Gartman likes to say, [...]

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Bought QID and TWM.
RTK is having a little breakout today I’m taking the gains.
Looking for this entire move this morning NOT to hold and close in the red.

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Nailed 4% and 4.6% on my NDX and RUT positions, plus an additional 3.4%ish from the morning trade window over at Rydex - A very nice trade today. I also managed to buy TWM and QID this morning and took my gains in those ETF’s this afternoon a little early. Both TWM and QID did [...]

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I added to my shorts this morning early on and so far its paying off. I went in heavily with the usual suspects of TWM and QID. My GG calls are up 22% right now as well. I sold my GLD though this morning thinking we weren’t going to get a market selloff. Took a [...]

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Afterhours all three of these companies reported earnings and it looks are going to cause a nice drop tomorrow morning. This is good for me since I added to my shorts. I wish I didn’t get rid of the intraday QID position today.
I forgot to mention that I dumped PWAV taking about a 1% gain [...]

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Took 30%ish or more on the ACI and BTU calls. Very nice 1 day bounce there.
Still holding the CVX calls, but considering dumping those taking the small loss and being happy with the big gains in the coal stocks.
Went short with QID and upped my index fund short position this morning. Just sold QID though [...]

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I took a quick short this morning on ACI by buying the July 65 puts. Which was a nice 19.6% gain in a matter of 15minutes.
I also bought QID rather large. I was up as much as 2% as the gapped up market SOLD off…then I got stuck wasn’t watching the screens, and the wild [...]

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Market flopped this morning pretty hard. NDX is spitting out 4.5% (which I’m getting none of) as I write this and RUT 2.2% for me with the SPX giving me 2.4%.
I cashed out the big money in the index longs, but still holding FXP, SRS, TWM with the smaller cash just in case the “faders [...]

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Index long trade was absolutely looking great until BSC came out around 9:50am and turned down a huge up opening for the market. F$%k.
WX - Dumped it  22.52 for a gain of 10%. I sold it basically because of a panic on the market open and didn’t want to see the profits disappear. Jefferies upgraded [...]

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Covered the QID short this morning @ 53.29 for a gain of 3.5%
Bought UWM @ 45.82 around 10:40 before the market popped. Then sold UWM @ 47 flat at the 11:20 bar for a very fast 2.5% gain. Which at this point was a perfect sell. However, I attribute it more to me having to [...]

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Sucked:
Not being long for today’s move when I’ve been trying to go long every other day. Believe me I’m pissed off about it, but this one is my fault, I fell pray to listening to some noise that we are going to crash. Noise strikes again.
Worked:
Shorting QID - Up over 2%. I got short the [...]

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Shorted some QID @ 55.27
Been waiting for this move for awhile.

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