Tuesday, September 18, 2012

Holding.

JTS, CCI, and JT Comp all remain short. This boring consolidation seems bullish to me, but I'm continuing to follow my systems and hold the short position. Only time will tell if it's the right move.

Thanks.

10 comments:

  1. Thanks, J.

    FWIW (which is very little), the market looks bullish to me too. However, as I've said in the past, for an overwhelming percentage of traders, it's best to choose a system and stick to it.

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  2. My system is Long for TZA for a price target 14.95 Tna is down spy down the only things that is weird to me XIV is very bullish

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    1. I was aiming for something similar myself. In fact, I'm very tempted to put a sell order at TZA 15 and turn off the computer for a few weeks. :-)

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    2. Strong contango is absolutely murdering VXX. XIV is the beneficiary. Glad we are in TZA and not VXX. ;) Although the better trader obviously would've been XIV since it moved to strong contango back on May 21st @ 9.48!!!!

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    3. Not that I have a clue what I am doing, but I would assume the markets would have to go down a little right now... then head higher.

      I like your idea of selling at 15 and taking a break. I am just hoping this turns out to be a good trade as my luck has run out.

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  3. Alex,

    What's the live trading CAGR for your system for the last two years?

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  4. If you're making 144% compounded annually, congratulations. Could you share the logic of your system, its history, etc.

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