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Being long. Market went against me again today and the index funds got hit again today.

The calls I bought this morning that were actually up as much as 4%, are down big tonight. I didn’t cover because I missed where I should’ve covered and now I’m letting em ride. They are June QQQQ calls so I have time for improvement.

My yearly portfolio is getting nailed. Its down as much as 18%, with USOO dropping 22% today. This will be the first this backtested strategy has not made money going back  to 1997. Not only that, but the strategy was never profitable over this last year which also a first. Its sort of an “of course” scenario that once I decide to try this thing it backfires.

SINA – Didn’t hold its gains for the day and finished down. There was a time today where SINA exploded up over 5% and went as high as 38 bucks.

KRY – Closed down.

The only thing that worked today was the ONT trade. ONT closed up 6%, but was up around 10% during the early trading hours. I did sell my ONT position in the trading account and kept the full position in my IRA. I took a 22% gain in the trading account.

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