Monday, July 9, 2012

Profiting While Going No Where

First day back from vacation was spent looking at the performance of the market over the past three weeks.

Basically the market has gone no where the last three weeks
 Of course the market has gone no where for the last dozen years, so this is kind of fitting.

Before CCI, left town, I wanted to have a little less exposure to the market so I purchased one lot of  the double short S&P 500 (SDS).   I also entered a standing order to sell the position if it went up 1.5% (i.e. the market wiggled down a little).  This level was chosen based on some relatively standard chart levels.   On a big down day a few weeks ago the order was executed. 

This was not the  "normal" process I use for using the double shorts, worked!

4-1-4 playing the double shorts for the first half of the year.
Percentage wise, overall up a modest 4.5%.
Given the market is up for the first half of the year, being up while trading from the short side is not too bad!

Of course, regular readers will recall last year's double short trading record was an impressive 14-0-6.

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