lunes, 7 de mayo de 2012

A key point - 1365

For me after Thursday and Friday distribution days the SP500 is now in a key point. If it can't hold it the way to 1300 could be a matter of days. Accordingly I've taken a short position in the opening bell with de SDS. If the market goes throw 1370 I'll be out. At 1350 I will double my position. The most important week of the year I think.

What a terrible week

I did only the half of my homework. I doubled my position at 1365 but all was a bear trap. The next day I was out for half of my position after the big gap (the AAPL gap!) and on Friday I sell my first position on SDS after being in the market without a stop. It's the problem about second guessing. It usually makes you lose money. It's my second operational error this year and the two have cost me 1,5% of my capital.