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.

Monday, April 30, 2012

sold SOXL at 36.9; bought FREE at 1.24

Looking to reduce FREE size a bit, perhaps at 1.42.

Looking to buy TNA around 58. 

Thursday, April 26, 2012

Long SOXL at 34.1, more FREE at 1.32

Trades were yesterday.  Too busy to post.

Friday, April 20, 2012

Out of FAZ

Small profit.

Long FREE, EDC, YINN, TSL, YGE.

Looking to buy more EDC, YINN, TNA.

We are in the early stages of a multi month up move.

http://www.mcoscillator.com/learning_center/weekly_chart/summation_index_promises_higher_highs_after_correction_ends/

Wednesday, April 18, 2012

Playing Defense


Still holding TSL, YGE.

Sold TNA at small profit, EDC small loss, FSLR big loss.

Playing defense.  Saving $ to buy. 

Long FAZ calls for a quick buck.

Sold much of TNA

Will sell more today.

May get some more downside.  I don't think Wave 4 is over yet.

Still long EDC, DRYS, FREE, FSLR, TSL, YGE.

Saturday, April 14, 2012

Why I'm long EDC (and will be longer)

http://stockcharts.com/h-sc/ui?s=$SSEC:$SPX&p=D&b=4&g=0&id=p92645485225&a=241969919

Friday, April 13, 2012

Two Possibilities

There are two possibilities in my mind:

1) We go down another 3-5% in the indices and then go up for 3-6 months. 50% probability

2) We go straight up from Monday. 50% probability

I am invested for Option 2, but am saving a little dry powder in case of option 1.

Selling half TNA around 56

Sold around break even.

Will buy more lower, if we go lower.

Still long EDC, EEM calls, DRYS, TSL, FSLR.

Looking to go long FREE in the 1.30s.

Thursday, April 12, 2012

Sold 75% of FREE @ 1.65. +55%

Will buy more in the 1.3 - 1.4 range.

Edit: Sold last 25% at 1.88.

Will buy more 1.33 or so.

Bought more DRYS, EDC.

Wednesday, April 11, 2012

Bought more TNA 53.7, FREE 1.01, EDC 95.7

Trying to reduce average cost of TNA; will trade position accordingly. May not post all buys and sells.

Solars jumping!