I don’t know about you, while the SPY opened UP; there seems to be a lot of wind blowing against my face instead of propelling me from behind. Before seeing my gain evaporating from yesterday lucky gain; I do not ever forget the “essence” of the musical chair game we are playing here at the stock exchange. Needless to say, I immediately took profit when there were still chairs left to grab before the music stopped.
Took profit on all my positions except my long-term equity.
Current position:
Long-term equity: 9.6%
Short (bought TZA): 5%
Cash: 85.4%
Good Hunting!
ps. I will add to TZA if it takes out yesterday high.
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Journal update:
Added more TZA due to taking out of yesterday high.
TZA is now 7% of portfolio.