Being long. I finally finally got my bounce. The important part is that I didn’t lose my head and get completely off my trading systems. I was supposed to be short for the last 2 months, thats what my systems were telling me to do, but I was trumping them with my own “feelings” and “thoughts.” What a mistake. Then we had the possibility of seeing a turn up in the market back in late December and then that hard down week in early January kept me frozen.

With yesterday’s hard selloff I was seeing some extreme buy readings and I had to approach yesterdays trade with the thought that “I was already short” and that under normal circumstances I would take a shot on the long side “here.”

I bought yesterday to get back on board with my program and thats why I threw on my NDX long position. It was up a little more than 4% today. Very nice.

I got into some SEED today and held overnight.

I cashed out of my index longs today, but I think I may have done that too early. Tomorrow morning is probably going to carry over more upside. Bernanke is speaking tomorrow (don’t know which time) and we might sell off all over again if the news isn’t comforting. If that happens, it may be a buying opportunity at the close.

Fade the Fed on everything.

Thanks for reading

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