1. If VIX is under 26, buy the dip. If VIX is over 26, sell the rip.
2. Always trade in the direction of the larger trend. Find the strongest trend in your time period.
3. Nothing as bearish as a failed breakout. Nothing as bullish as a failed break down.
4. Don't worry about the last dollar. Take your money and go to the beach!
5. No more than four positions at a time. Preferably 2-4. Scope out others. Pick the strongest.
6. Buy the strongest; sell (short) the weakest.
7. Nothing is guaranteed. Nothing.
Friday, August 20, 2010
Just bought BIDU, EDC. Trying to buy TYO.
BIDU December calls; EDC, and EEM December calls.
We may not bottom until mid next week. I expect to modify these -- sell on rallies and buy dips for the next few days -- while maintaining a core position.
If my next turn, which is mid next week plays as expected it'll be a hi. TWT but if it is a hi then it's down into Sep 1 or so for a lower lo from what I currently see.
3 comments:
If my next turn, which is mid next week plays as expected it'll be a hi. TWT but if it is a hi then it's down into Sep 1 or so for a lower lo from what I currently see.
uhg
Sorry, no comprende, gin.
Sold bidu calls for +8%.
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