Yesterday, I sold TYH right back for a $33 dollar loss, and BAC today for a $100 loss as the fed dampened my views for good. I won’t discuss what was said, it doesn’t matter. All I know is, this is the toughest environment I have ever invested in. Even with going into 70% cash…

Booked profits in UPRO this morning- selling half of the position. This put us in over 60% cash. Lets get it straight, this is not a great environment to be investing in. However, there are some cheap, quality names out there that I can’t ignore. So, after you receive this alert, I will initiate a…

Ok trimmed into the strength up 150 points. You must think I have impeccable timing – I do. No not really; yes we gapped above the 50 but as we zoomed higher today, we eventually came up to the 100 day moving average which acted as resistance. Maybe I should have sold half instead of…

So, not only did we get a huge move up today- up 125 points, but we gapped above the 50 – a bullish sign. Covered my shorts when we were up 67 points, since we gapped above the 50, which is different than breaking above the 50. So obviously a good day for the portfolio but, it feels sort…

Burned 6 commissions today! It is very difficult to find the perfect blend of instruments to hedge a portfolio. After selling the puts for a loss of 500, using the leftover money to buy puts with a closer delta, and buying the vix, I came up empty and also lost another 100 in the darn…

Market closed in positive territory for the week. While I think we might be putting in a bottom here, having 65% of the portfolio invested is a bit overweight considering that the market is not out of the woods yet and Greece is having elections over the weekend. As Jim Cramer put it, “while we…

Closed out my weekly put on the sell-off yesterday.

Ok, the road to riches definitely has not begun yet. This is a tough environment to invest in people. But with that being said, we are only down 10 percent year-to-date. Why? Because, no one could have foreseen the magnitude of this “pullback”. Well, it depends on what camp you were in. Did you think- ah nevermind don’t…