Added to Shorts Index Funds

July 14th, 2010 | by Hugo Gullett |

I have had limited computer time all this week. Being sick and distracted, but I have been playing my index funds. Added to my tiny pilot short position which took the big hit on Tuesday. Then cut my funds when the market didn’t go down on Wednesday. This was a mistake and due to some traveling and limited computer access I would have been able to study the charts a bit better. The next day Thursday morning I added the position back on as the market was acting the right way again according to my bias/thesis. This ended up being a loss due to the morning price being lower than where we closed on Thursday.

Now I see today that we broke down. Essentially back to last Friday’s close on many items. We should go to new lows from here imo. Refer to my post before the sickness one for more info on what I mean.

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