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Trading my two cents

Zenhunter
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

The South Bound train has departed and the ticket price has gone up.

Zenhunter Tue Jul 10, 2012 3:50pm EST 3 Comments

Look like we may have a replay of 2011 July & August if the current price actions continues its momentum.

Below is the path the train is following…

15m SPY chart:

Daily SPY chart:

Weekly SPY chart:

Current position:

20% short (bought SH, SKF, & TZA)

10% long-term equity

70% cash

Good Hunting!

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3 comments

  1. zenhunter
    zenhunter
    July 11, 2012 at 10:07 am

    Closed out all short per technical signal to lock in profit.

    Flat on SH, SKF, and TZA.

    Long SPY (daytrade only)

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  2. zenhunter
    zenhunter
    July 11, 2012 at 10:51 am

    Reshort by buying back SH, TZA, and SKF. Yes, I paid higher price than I sold to get back in.

    Now 15% of portfolio is in short position.

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