The bottom line, the short-term trend is down. I hold no position overnight. Theoretically I should hold partial 03/14 short but I didn’t take the trade due to network problem.
76% bullish biased toward tomorrow because VIX rose 18%+ today, long at close and sell at close tomorrow since 1991, you’ll have 76% chances. Besides, as mentioned in today’s intraday comment, gap down open the 7th consecutive day should be very rare, so we might finally have a gap up open tomorrow morning.
Demo account for short-term model, $200 max loss allowed per trade. Mechanical trading signal, for fun only.
|TICKER||Entry Date||Entry Price||Share||Stop Loss||Exit Date||Exit Price||Profit||Comment|
|SDS||03/16/2011||$22.81||200||$21.85||03/16/2011||$23.36||110.00||Theoretically, should keep 03/14 short.|
|SDS||03/14/2011||$22.01||200||$21.02||03/15/2011||N/A||N/A||Network problem, didn’t take the trade.|
|SDS||03/01/2011||$21.37||200||$20.62||03/01/2011||$21.76||78.00||New strategy, half positioned.|
|SSO||02/28/2011||$53.09||100||$52.20||03/01/2011||$53.69||60.00||New strategy, half positioned.|
|SDS||02/22/2011||$21.05||300||$20.62||03/10/2011||$21.82||231.00||Close all as per new strategy.|