I haven’t posted in a while, as I have been out of pocket tending to other business. As of now, I am holding my core positions in SLCA, IMUC, USG, WNC, and VHC. I am also holding MCP as a follow trade from RaginCajun. I booked gains in BV and ODP.

The market is finally showing some signs of volatility. Yesterday, I saw all of my positions surge higher. I was seeing all kinds of paper profit, and was consumed by the euphoria. Then, I was crushed by the dreaded intraday reversal. I quickly raised my cash levels and cut my chart trades. I felt satisfied as the Nikkei plummeted later that night. Perhaps I became too defensive too quickly. The mess of a morning gap down in the US markets was immediately bought up. I missed out on a lot of money. Specifically, I am upset about missing the dip in SLCA.

I have some cash (about 30%) that I am willing to put to work tomorrow. I want to buy NVAX and COOL. Both of these trades are being spoken of within 12631. I am looking forward to spending my summer trading time within those halls.

More this weekend…

Tweet