For as much as I am getting hatorade poured on me
for even SUGGESTING to be *cautious* here (despite never once saying to short anything; my best advice was to move towards cash on strength), I had a hell of a day
Bear (no pun intended ;D) with me here, it was another busy day...
Real LifeFFR was bearish to .17% from .18% - this was the 3rd decline in 4 sessions, and puts us into a new bearish *trend* which is typically followed by a market downdraft within 5 days at max of the first day's decline; that'd put the decline scheduled for Friday at the *latest* should this prove true. We need to see this bounce back if the market is expected to hold up; this spook in lending concerns me at face value.
My FAS was nicely green - I remain looking towards the $26.50/$27 area to consider lightening up half; for now, I have not made a decision yet.
Monopoly World / real time entries tracked in my blog Big Cap had my best day to date, account +9.3%; for an account this size, that is a big day
- a LOT of that is thanks to Essayons for pointing out the Chinese IPOs!!! Before today, I couldn't break above the +50% mark (yesterday closed +48%)... at one point today, I hit just under the +60% mark and ended +57.3%
Buys:
-YOKU $27.50, sold all $36.90 / +34%
(biggest gain by FAR), rebought smaller amount @ $32.80 for another starter position
-DANG $27, sold all $30.50 / +13.4%
, rebought smaller amount @ $29 as starter
-LVS $45.97
-(Add) DRYS @ $5.99 / avg $6.09 on 3x long position
-(Add) RIMM @ $60.90 / avg $62.03 on 2x long
-(Add) MOS @ $67.72 / avg $68.44 on 2x long
Shorts covered:
-1/3 of my 8x short position in SLW @ $37.40 for +4%, holding 5.5x -short position avg $38.88 / +1.7%
-all LVS @ $46.30 / +6.3%
-all WYNN @ $101.86 for +1.2%
Sells:
-1/2 remaining CHK $22.77 / +3.4%
-all remaining BAC $11.76, $11.95, and $11.95 (different times) / avg +3% - on the 8x position sold over the past few days, closed out for +2.7%
Shorted:
-(Add) IRE @ $2.82 / avg $2.65 unrealized -6.4% on now 8x short position; my long profits are gone now and slight loss on IRE overall now. Poor trading here
-(Add) CRM @ $149.85 / avg 145.33 unrealized -3.6% on 3x short position
My allocation is 43% long, 57% short ;D
Scalp trades - down day -3.8%
-closed out my remaining (had sold 57% of it yesterday $47.75) LVS short @ $46.15 for 5.8% (biggest gain in this account, usually I only hold for a couple %)
-bought FAZ $10.80, $10.75, $10.72, unrealized 2.5% - I let it go through my stop at -1.5%, so that was hopefully worth it; holding overnight
Options Acct - another crazy day watching/playing the SPY $124 weekly puts, account was +1%
-I was holding 400 contracts overnight from .89; sold all early on for avg $1.65 / +85% for +31K; overall on that trade (75% of which I closed yesterday), I made +9.9% of $29K. It isn't notable except that at one point I thought I was going to need to take a 50% / $100K+ loss on it minimum
I sold $1.62, $1.63, $1.67, $1.67
-I guess I am a sucker for punishment, because I bought back a position that is now 75% of the first one. It is currently down -$26K / -15.3% avg $1.11
$1.32, $1.33, $1.28, $1.14, $1.12, $1.16, $1.08, $1.10, $1.14, $0.94, $0.92, $0.99, $1.02
(Look at the price movement though - sold at $1.67, was buying back as low as $0.92? Just crazy).
All in all, accounts were +3.5% on the day
for even SUGGESTING to be *cautious* here (despite never once saying to short anything; my best advice was to move towards cash on strength), I had a hell of a day 
- a LOT of that is thanks to Essayons for pointing out the Chinese IPOs!!! Before today, I couldn't break above the +50% mark (yesterday closed +48%)... at one point today, I hit just under the +60% mark and ended +57.3% 