Heavy short

I bought back 1/2 SRS that I cut yesterday. Currently holding pretty heavy short positions at hand: DUG 2 sizes, QID 1 size, SRS 1.5 sizes.

Goldman's guy claimed today that a new bull market has begun, which to me is a significant sign of market topping. The really trustable charts are monthly charts. You will get a clear picture from reading them. Bull markets never begin the way as it is right now.

My boss cleared all his personal long portfolios two days ago, as he thought market right now is way over-priced.

Good Luck!

Loaded QID, Added DUG

more shorts from here

I cut half size of SRS

IYR surged today. Hmmm.................

Stopped out on SRS, but re-entered SRS at $13.25

Rule of game

Statistically speaking, trading is a game with 10% winner, 20% flat and the rest losers. The 1st rule in this game is that you have to be in this game to play. Your 1st job is to control your risk and don't put all your eggs in a single basket. To me and from what I have learned in a hard way, position sizing is the most important key that you are able to do and you are able to do well.

This simple rule will at least pull you out of losers long term.

I read today's post on xtrend and wish Sol best luck!

bought SRS and DUG

SRS at $13.3, stop at $12.95
DUG at $16.1, stop at $15.75