[stockstradr]

Update:

I sold my short treasury position. I made 6% on ProShares TBT (20+ yr), and 1.5% on the PST (7-10 yr). I think the Fed will get a strangle hold on the yield curve again, driving rates down more, especially on the long end. So I ran for cover.

I’m holding onto my short oil position (SCO) because I’m up 35% on that in matter of a week, and I see oil headed back to $30/bbl or below. When it gets to $35/bbl I start loading up with Oil ETF’s again: I see that as the easy money bet

I’m double-long the S&P500, but I bought to early and I’m down about 8% so far. That bet has me nervous but I still like how the market is behaving. I increased that already six-figure bet by another 25% just a moment ago. I would be buying calls but those are too expensive. This is essentially a bet on Obamatism, and approval of big stimulus package drives Q1 rally.

When S&P500 gets to 1,000, I dump my longs and start building my short position. However, I wouldn’t be surprised if we see 1,100 or higher on this false rally.

However, with all that work trading, my accounts are merely flat since Jan 1st, with the short-S&P500 postion washing out gains on my short oil and short treasury positions. No progress so far.

You ask me WHY I’m long this market? Because with every nasty blast of bad news this market has shown considerable fortitude over the last several weeks. Again today, half million jobs lost and the market *yawns* merely dropping less than 2% and showing resistance to go below 890 on S&P500. This is a day the market could have rightfully dropped 5%.

[stockstradr]

Update:

I sold my short treasury position. I made 6% on ProShares TBT (20+ yr), and 1.5% on the PST (7-10 yr). I think the Fed will get a strangle hold on the yield curve again, driving rates down more, especially on the long end. So I ran for cover.

I’m holding onto my short oil position (SCO) because I’m up 35% on that in matter of a week, and I see oil headed back to $30/bbl or below. When it gets to $35/bbl I start loading up with Oil ETF’s again: I see that as the easy money bet

I’m double-long the S&P500, but I bought to early and I’m down about 8% so far. That bet has me nervous but I still like how the market is behaving. I increased that already six-figure bet by another 25% just a moment ago. I would be buying calls but those are too expensive. This is essentially a bet on Obamatism, and approval of big stimulus package drives Q1 rally.

When S&P500 gets to 1,000, I dump my longs and start building my short position. However, I wouldn’t be surprised if we see 1,100 or higher on this false rally.

However, with all that work trading, my accounts are merely flat since Jan 1st, with the short-S&P500 postion washing out gains on my short oil and short treasury positions. No progress so far.

You ask me WHY I’m long this market? Because with every nasty blast of bad news this market has shown considerable fortitude over the last several weeks. Again today, half million jobs lost and the market *yawns* merely dropping less than 2% and showing resistance to go below 890 on S&P500. This is a day the market could have rightfully dropped 5%.

[stockstradr]

Update:

I sold my short treasury position. I made 6% on ProShares TBT (20+ yr), and 1.5% on the PST (7-10 yr). I think the Fed will get a strangle hold on the yield curve again, driving rates down more, especially on the long end. So I ran for cover.

I’m holding onto my short oil position (SCO) because I’m up 35% on that in matter of a week, and I see oil headed back to $30/bbl or below. When it gets to $35/bbl I start loading up with Oil ETF’s again: I see that as the easy money bet

I’m double-long the S&P500, but I bought to early and I’m down about 8% so far. That bet has me nervous but I still like how the market is behaving. I increased that already six-figure bet by another 25% just a moment ago. I would be buying calls but those are too expensive. This is essentially a bet on Obamatism, and approval of big stimulus package drives Q1 rally.

When S&P500 gets to 1,000, I dump my longs and start building my short position. However, I wouldn’t be surprised if we see 1,100 or higher on this false rally.

However, with all that work trading, my accounts are merely flat since Jan 1st, with the short-S&P500 postion washing out gains on my short oil and short treasury positions. No progress so far.

You ask me WHY I’m long this market? Because with every nasty blast of bad news this market has shown considerable fortitude over the last several weeks. Again today, half million jobs lost and the market *yawns* merely dropping less than 2% and showing resistance to go below 890 on S&P500. This is a day the market could have rightfully dropped 5%.

[stockstradr]

Thanks to the EconProf for remarking about LTCM

http://en.wikipedia.org/wiki/LTCM

..and its connection to:

http://online.wsj.com/article/SB123000810251629677.html

I was obviously aware of the LTCM story, but not aware of how John Meriwether had later set up a hedge fund (to mimic LTCM strategies only with “less leverage”) and how that fund is also now in serious trouble.

If that story alone isn’t sufficient grounds for greater regulation of hedge funds, I don’t know what is!

[stockstradr]

Thanks to the EconProf for remarking about LTCM

http://en.wikipedia.org/wiki/LTCM

..and its connection to:

http://online.wsj.com/article/SB123000810251629677.html

I was obviously aware of the LTCM story, but not aware of how John Meriwether had later set up a hedge fund (to mimic LTCM strategies only with “less leverage”) and how that fund is also now in serious trouble.

If that story alone isn’t sufficient grounds for greater regulation of hedge funds, I don’t know what is!

[stockstradr]

Thanks to the EconProf for remarking about LTCM

http://en.wikipedia.org/wiki/LTCM

..and its connection to:

http://online.wsj.com/article/SB123000810251629677.html

I was obviously aware of the LTCM story, but not aware of how John Meriwether had later set up a hedge fund (to mimic LTCM strategies only with “less leverage”) and how that fund is also now in serious trouble.

If that story alone isn’t sufficient grounds for greater regulation of hedge funds, I don’t know what is!

[stockstradr]

Thanks to the EconProf for remarking about LTCM

http://en.wikipedia.org/wiki/LTCM

..and its connection to:

http://online.wsj.com/article/SB123000810251629677.html

I was obviously aware of the LTCM story, but not aware of how John Meriwether had later set up a hedge fund (to mimic LTCM strategies only with “less leverage”) and how that fund is also now in serious trouble.

If that story alone isn’t sufficient grounds for greater regulation of hedge funds, I don’t know what is!

[stockstradr]

Thanks to the EconProf for remarking about LTCM

http://en.wikipedia.org/wiki/LTCM

..and its connection to:

http://online.wsj.com/article/SB123000810251629677.html

I was obviously aware of the LTCM story, but not aware of how John Meriwether had later set up a hedge fund (to mimic LTCM strategies only with “less leverage”) and how that fund is also now in serious trouble.

If that story alone isn’t sufficient grounds for greater regulation of hedge funds, I don’t know what is!

[stockstradr]

I cannot believe I dumped my 2X long oil ETF positions when oil only hit $42/bbl.

Oil is now $48.60. Unreal. It ran from $33/bbl up to $48 in ten days.

One fund I bought “UCO” is now up 70% but I sold it after only booking just the first 15%.

My common mistake in trading is selling early. I gotta break that habit this year. I need to learn to put in a trailing stop under my position and then just let it run and gather profits.

I can pick ’em. My timing is often great. But I sell too early.

[stockstradr]

I cannot believe I dumped my 2X long oil ETF positions when oil only hit $42/bbl.

Oil is now $48.60. Unreal. It ran from $33/bbl up to $48 in ten days.

One fund I bought “UCO” is now up 70% but I sold it after only booking just the first 15%.

My common mistake in trading is selling early. I gotta break that habit this year. I need to learn to put in a trailing stop under my position and then just let it run and gather profits.

I can pick ’em. My timing is often great. But I sell too early.

[stockstradr]

I cannot believe I dumped my 2X long oil ETF positions when oil only hit $42/bbl.

Oil is now $48.60. Unreal. It ran from $33/bbl up to $48 in ten days.

One fund I bought “UCO” is now up 70% but I sold it after only booking just the first 15%.

My common mistake in trading is selling early. I gotta break that habit this year. I need to learn to put in a trailing stop under my position and then just let it run and gather profits.

I can pick ’em. My timing is often great. But I sell too early.

[stockstradr]

I cannot believe I dumped my 2X long oil ETF positions when oil only hit $42/bbl.

Oil is now $48.60. Unreal. It ran from $33/bbl up to $48 in ten days.

One fund I bought “UCO” is now up 70% but I sold it after only booking just the first 15%.

My common mistake in trading is selling early. I gotta break that habit this year. I need to learn to put in a trailing stop under my position and then just let it run and gather profits.

I can pick ’em. My timing is often great. But I sell too early.

[stockstradr]

I cannot believe I dumped my 2X long oil ETF positions when oil only hit $42/bbl.

Oil is now $48.60. Unreal. It ran from $33/bbl up to $48 in ten days.

One fund I bought “UCO” is now up 70% but I sold it after only booking just the first 15%.

My common mistake in trading is selling early. I gotta break that habit this year. I need to learn to put in a trailing stop under my position and then just let it run and gather profits.

I can pick ’em. My timing is often great. But I sell too early.

[stockstradr]

Where exactly, if you don’ mind me asking?

Two years ago we lived at one of the 3/2 condos in The Summit at 17161 Alva Rd, San Diego, CA

We liked that area. It is quiet. Obviously not the most (or least) desired area of RB, but still quite nice. Low crime. Across the freeway over in the area of Bernardo Heights Parkway is better. We also lived over there for a while.

I remember walking over to 4S when they were still selling well, and they wanted like $750K or more for those places, and they were sooo snooty. As if they were doing us a favor just to show us a place.

[stockstradr]

Where exactly, if you don’ mind me asking?

Two years ago we lived at one of the 3/2 condos in The Summit at 17161 Alva Rd, San Diego, CA

We liked that area. It is quiet. Obviously not the most (or least) desired area of RB, but still quite nice. Low crime. Across the freeway over in the area of Bernardo Heights Parkway is better. We also lived over there for a while.

I remember walking over to 4S when they were still selling well, and they wanted like $750K or more for those places, and they were sooo snooty. As if they were doing us a favor just to show us a place.

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