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Thursday, February 12, 2009

Go Buy A Car

If I ask you to go buy a car, would you buy a Toyota Camry or a Porsche 911? Hopefully, you buy what you can afford.

In my previous post, I showed you my SRS trades without any quantity. I did this because I did not want you to think a large position implies a strong buy and a small position a weak buy. Privacy is an issue as well. Plus, I don't want you to laugh at me for how little money I have.

I started a 5% position in SRS and thought that I should have gone all in. At the end of the day, I was glad that it was only a 5% position.

I missed out on a nice run in FAZ. However, it was nice having profit versus break even or loss.

I saw a few traders making some nice trade shorting FAZ, especially trader_mom.

The system works for me and I hope it works for you as well.

Hindsight is 20/20 and tomorrow is another day.