Being long in the indexes. Lost a whopping 8%+ in the NDX…this was huge and 6% in the RUT.

I’ve been wrong the since November and have been fighting EVERYTHING I trust. Without revealing my systems, thats the simple truth.

It seems Jason didn’t believe either me or SIA on the SEED call, but here are my account screenshots. I have removed the share counts.

So I nailed the top stock on the Nasdaq the day before on a really shitty day. Good for me.

What else sucked? Me thinking the jobs report might give us a bounce. Really that is why the market was down as hard as it was today because there were alot of people like me that were betting on the jobs report to save the day. When that report came in crappy the market threw in the towel. Now the thing that bites me is my stuff has been short for 3 months so normally I wouldn’t play this hope game, but sometimes you just get tripped up and get off a bad trade.

The other items that sucked:

The MDR call options. The DSX call options. Obviously like everything else, were down hard today.

I sold MTW today and managed to save a 2% gain. I sold NYX and managed a 3% loss. I still have MSFT and EMC which btw is flashing some serious bounce signals.

If there was ever a chance for a bounce, next week could give us a move either Monday or Tuesday that takes out at least 50% of todays action.

PS I think I forgot to mention I sold CRDC as well. Technically its still on a swing buy, but I panicked.

Thanks for reading

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