Phantasmix Stock Blog

Source: Natural News

I’m very tempted to just wipe the slate clean and start over, but since I can afford to wait for a better exit – I will.

Ever since the mayhem started in the markets, my best trades (highest win ratio + most profitable) have been day trades, or even minute trades

I should’ve just stuck to that and given up on swing-trading. Swinging worked so well in August and September, so it was hard to let go.

Though we’ll probably be returning to a calmer pace soon, once all my current positions are closed, I will only day trade. To compensate for lower volatility, will gradually increase position size.

This morning I wanted to cover one or two shorts to free up some cash. For no particular reason covered (BIDU: 82.61 0.00%) in pre-market — talk about a lucky pick! It really ran away later in the day.

Then I covered (AMZN: 135.21 0.00%) in the afternoon, and that was it.

No steak for me today……..

Booohoooo… almost got killed, still alive. Lame lame, it’s tough being so stubborn.

However, victory will be mine! (of course)

I’ll be moving into cash this and next week, and then we’re going on vacation. It’s been a couple of weeks since winter started here in earnest, and I can’t stand it. All this cold and snow…..

Stock market must be starting to worry people again.

Here’s a chart for “recession” and “great depression” Google searches in the United States this year. Interest in these peaked in winter, returned in October and is on the rise again….

Sorry for the useless noise, but these charts really prettify my blog

Not too many trades today.

Shorted C, SPG, SDS, GE, PENN, COF, SSO, FSLR, RIMM, AMZN; was long KGC.

I work from a list of familiar symbols, just put the trades on in the morning and let them ride for awhile. I don’t like going “all in” on any one and as my margin grows I like to diversify a bit more, so instead of 3-6 symbols, I work with 8-12.

S&P is nearing 805, which is the first resistance level.

I’m very short over the weekend

Current Trade Positions – Long

• (EEV: 44.22 0.00%) UltraShort Emerging Markets
• (DGP: 33.64 0.00%) Ultra Gold ETN

Current Trade Positions – Short

• (FSLR: 134.89 0.00%) First Solar — needs no introduction, new target $56
• (SDS: 32.67 0.00%) UltraShort S&P500 ProShares — only core position, will add next week
• (SSO: 36.00 0.00%) Ultra S&P500 Proshares — shorted at the close
• (AAPL: 252.17 0.00%) Apple — very weak performance today
• (BIDU: 82.61 0.00%) Baidu.com — one of a few stocks over $100 left, P/E 27, no dividend — good short to hold, have no fear
• (GE: 15.15 0.00%) General Electric — small position; their portfolio is overstated by 35% according to mah sauces
• (X: 45.30 0.00%) – US Steel
• (DIG: 28.79 0.00%) Ultra Oil ETF — target: oil = $37
• (AMZN: 135.21 0.00%) Amazon — overpriced, good intermediate short