Friday, August 12, 2011

Ho Hum

Per yesterday's post, CCI felt that money might come off the table and drive the market down this afternoon. I put my money where my mouth was and day traded the double short financials (skf) this afternoon.

Skimmed off a 1% gain in a short period of time as the market (particularly financial stocks) sold off from the days high. CCI is now 8-0-4 this year when deploying this hedging strategy. 

In a really weird, convoluted way, I'm now almost hoping for a loss in this strategy soon because that would mean the market is moving up.  It really is not this "easy".

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