Blog Post

I've just had to endure a day that saw nearly all my shorts shoot up, then turn around and come back at least part way. For some reason today I was looking while all the turmoil hit my portfolio. Luckily I didn't have too much to do that required looking at my PC, which meant I couldn't gawp at it too much and hence the urge to cover positions was suppressed - I don't know how day traders do it!! But then that is why I chose to trade the way I do - determine your buys and sells before the market, then go away and look at what happened during the day to make decisions for the following day.

Anywa VIX still appears to be trending up, even if today saw a decline, so I get the feeling the majority of my shorts will carry on their merry way. However I'm not going to try to be clever here, if any of them break their trend I will be getting out - I've only just shorted IPSU, but it's broken it's trend so I'm gone until it resumes a downward path