But the markets are not helping me. There is mind-blowing volatility which is the bane of any trend trader. Most every day last there was prozac popping 1-2% moves INTRADAY. I'd be happily short (up a percent or so, usually) then leave for work when the godammed working group or whatever sprinkles fairy dust over the averages and causes me to reverse to losses. Then I lost my mind on thursday/friday and got back into those short positions even though my system told me to wait until more weakness, or even buy cautiously. So I'm right, but I didn't profit from being right...AGAIN. I suck. Discipline, discipline, and DON'T PUSH. I'm so anxious to make money for a good end of year I'm trying to push the river, so to speak, and my skin is bad, I'm not getting enough sleep.
The baby's pretty though:
Anyway here's the SPY (S&P 500 ETF)
A little while after I stopped blogging, the averages started to roll over again, I quite nimbly took profits in my positions and went short with an emphasis on smallcap weakness.
Long story short, everything was ok until I started getting sucked into last weeks rollercoaster ride. Account is mostly cash and short duration bonds, with smallish postions in RIMM, DUG, EDU, GMKT,NVT, and DSX.
I want to do the short ETF thing again when the Fed is through providing support for this market. Back to a disciplined approach, though. I need to practice/compose more and look at the damn market less...I'd probably make money that way, too.
I view this present rally as weak and vulnerable. This market is thin, thin, thin...Nasdaq A/D is PUTRID, regardless of the headline number. Financials are in a BEAR MARKET. DOllAR IS AT ALL TIME LOWS, OIL IS AT ALL TIME HIGHS, MARKET IS EDGING UP....SOMETHING HAS GOT TO GIVE...AND SOON!
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