Day 11 – On the Fence

Plan is still intact. Improved my cost position in TEX. Bought a put, then sold the put- dumb move! Since we are on the fence, it was very difficult for me to tell which direction we would go as we danced with the 200, so my posture kept changing. Fancy words for an excuse though. I lost 60 on that flip-flop and burned two commissions in the process. However, now I feel I am appropriately balanced, unless we are truly in for a double-dip recession. If this is the case, we are still in 45% cash, and might increase the hedge.

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