smoked bear

If you must know I was almost immediatly flushed out of GOOG & BIDU. Gee that was stupid.

must be time to buy

Yes,
I established bearish positions in, don't laugh, GOOG, RIMM, AMZN, BIDU, $RUT, & $NDX yesterday and today.
Why? you ask. These things are getting silly with the insane upside. Most likely I will get smoked here and cover quickly. I fear a rally on the fed meeting minutes release today. Every other piece of data has led to a rally so why not this one? If we get a higher close today I will be out of these silly positions.

nothing to see here

I read a lot of the financial blogs out there. Many are quite insightful, interesting, or investable. At this time I don't really have anything useful to add to the blogsphere.
My trading is ok, not great not bad. I make a bit of money, but don't have any real edge over other traders right now. I am currently working on my position sizing. Before each trade I ask myself:
1. Do I have a valid buy or sell signal?
2. What is my stop loss, is the risk acceptable?
3. What is my positive exit plan?
4. Is my position size appropriate?
Hopefully I will keep emotion out of my decision with these rules. Unfortunatly I trade for the wrong reasons too often.

wow, but will the rally hold?

I'm sort of thinking this is like the Greenspan put. Now, market players think the Fed wil be there to bail them out if things get too bad so risk aversion may go down a bit. Maybe things are not better but one fear has been removed from the market. I bought a bunch of stuff yesterday, now what to do with the inventory.
I'm more looking for an oversold bounce. We are getting that today. I don't think this is the all clear but it might be. I'm about %85 long right now. If we get a strong bounce today I will be looking to trim my exposure again. I look at HD, AB, phm a longer tern buys. QQQQ & WM are shorter term trades, but I can be stopped out of any position.
the suckiest blogger on the planet

flat

Sorry, I am not very good at this blog thing. I sold all of my index puts & bear call spread shorts. I also sold some naked IWM puts (Aug 77 at 1.5 avg price). If we keep going down from here I will be losing.
I am working a lot right now with travel to Asia. It is tiring.

wrong way bear

The bearish arguments make a lot of sense to me. Unfortunatly, these bearish ideas make a lot of sense to most folks. Many of the people I know are bearish. I am bearish. That view hasn't worked well for me.
I like to think my trading is agnostic, but it is not. If I get a sell signal, like I just got, I jump on it. If I get a bull signal I look for reasons to ignore it. I even hold some of my beraish spreads despite the bull signal. I am trying to take more bulish trades as they appear.
We will see.
Of course I bought some NDX & RUT Aug. puts as soon as I got my sell signal today (Long NDX Aug 2050 puts &RUT 870 puts).
If my next post is to exit these positions and buy some calls I have changed my pattern of ignoring the positives. With options expiration & earnings the fundies will be more important than my cheezy signals this week.

return from vacation

Arches & Canyonlands. Beautiful place, but hot!