Today however, would have been a good way to trade out of FAZ and get right back in next week...
Man with a spike like that i would have sold FAZ in a heartbeat... and yet living here in Hawaii i am knocked out... 4 am hasnt been kind to me in the past. If anything i would wake up and go right back to sleep.... but i have missed hmm 4 trades in the last month that would have banked me huge... i refuse to relate them as i dont need any reminders. goes to show that this isnt easy trading... and even those i turn to as my gauge are caught by surprise, and yet they have enough hedges to get through volatile days.
DXO tho has nowhere to go but up... it seems that eventually the auto suckers will get their bail out money... they are just buying time until mr. obama gets in...
thus, the ideal trade for me today was to sell FAZ at the open and buy GM (yes they make some ugly cars) but hey they ended higher today 25%... pocket change for most of you, but its all about survival with my portfolio at this point.
I am just trying to keep things in check so as to participate for next years bear storm...
Will be back monday... hope a spike happens somewhere... and i am awake for it...
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