Monday, May 23, 2011

This is why we hedge....

1. Line support.
2. Doji.

Either this is the end of the dollar rally, or a painted chart.

I took ACME PUTS just encase they are fucking us around. If we loose on the PUTS we get out and minimize loss while our PM's rally to make the trade a wash.

This is why we take very small bearish positions, take quick profits, and wait for more confirmation.

I am suspecting a tiny rally on the QQQ to test the MA this week, or drop off a cliff. You choose.

1 comment:

  1. Hey @SGS,

    I'm a newbie to your site, and I just want to say thank you. Thank you for doing what you do, and thank you today for cranking out numerous posts today.

    I do stack phyzz and I'm trying to get into this paper game to stack more of that phyzz.

    A lot of what you write doesn't make any sense to me know, but after reading some books and sneaking into UCLA finance classes, I think I'll be ready to play ball by Fall semester 2011. Hopefully this game still exists then.

    Thank you!