My trading results for the day

So i came in with spy and iwm long b/c i'm betting there will be a gov't resolution, and each day, the indexes ends pretty strong. So i have been using my intraday profits as a hedge for my index swings but today was an ugly day. I was down a lot and kept avging down my SPY and TNA positions to get better prices; thankfully I traded UVXY as a hedge to my ultra bullish thesis. haha. Eventually New York Times posted something and made the market bounce at 12ish today. I think it was precisely at 12:12pm.

Oh, i've also been scalping in and out of the non-core positions for my index holdings to mitigate risk.

How did everyone else do in the battlefield today?

Comments (4)

Oct 4, 2013


I'm not concerned with the very poor
-Mitt Romney

Oct 4, 2013

I'm on the other side. Made about 1.4K. Puts in AMZN and QQQ. By the way mkt sold off into the close today. S&P closed below its 50 day SMA.

Also seeing bearish divergences in AMZN and QQQ, along with the bearish engulfing candles that printed today, I would say you better hope for a deal. IMO the technicals are looking very bearish.

Oct 4, 2013

Had a nice entry in AMZN, got into puts at 320.

Oct 7, 2013

I am a proprietary Govt Bond Trader...i post my comments on the mkt intraday at twitter...and longer articles on my blog. I've accumulated a lot of educational info in these i highly recommend checking them out