The 10 Commandments of Trading

1) Don't expect quick rich in stock market.
2) Listen to everyone and question everything and everyone.
3) There's no such thing as hoping, wishing or praying.
4) The big money is made from position sizing.
5) Before trading, you must have a plan.
6) Record your trades, no only study the market, but also study yourself.
7) Don't fear that you'll miss anything. There are always opportunities.
8) View each trade independently.
9) Don't hold more than 5 stocks at same time. Stay focus: both your attention and your capital.
10) Trading the stock market isn't everything. Spend quality time with your family and cash some your profit to reward yourself.

Pivot Trend on IYR (Real Estate sector ETF)

That is the reason why I kept buying dips since last Tuesday, cleared out all my longs and loaded short positions (SRS) at the close of last Friday. You can notice that there are three big drawdowns for this pivot trend system in the past 1. 5 years, while all other calls are pretty impressive.

Loaded SDS at close

As is planned $64.6

Loaded SRS at close

$23.66. We will see how it plays

Out XLF calls

$2.06 (loaded $1.74)

Sell off towards to close

Out GS calls

$8.5 (loaded $7.4)

GS is moving too slow.

Short Squeezing

It is happening right now. Longs needed a strong heart through 2pm sell off though. Strong heart with me today!