Lessons

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.

Thursday, December 27, 2012

DUST, NUGT, STP, SCTY, TZA

1. Will try to sell STP around 1.52 - 1.55

2. GDX wants to rise. Will try to sell DUST around 34.5.  Sold part position at 37.5.
Will look to go long NUGT around 10, part position.

3. Looking to go long AGQ around SILVER at 29.

4. Will try to sell SCTY (bought at 10.6) at 11.6 or so.

5. Long TZA at 14.05.  May add at 13.9 or so. Will probably sell around 15.

6. Will go long AAPL or TQQQ in the next few days. Waiting for signal.

All trades are swing trades, unless stopped out.


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