Going Long
9:02 America/Los_Angeles 18 Jun 2010 
6 Comments
Made the trade today. Not exactly the best case scenario. Was hoping for a pullback to get a better price, but the trend has been established and don’t want to fight the tape anymore. Bought SPY today $111.75 and sold SH at $50.85. Hopefully this turns into a healthy trend and not choppiness.
What made you change position today … on what was a pretty uneventful day?
Been looking for an entry since the market confirmed the uptrend last week. Got tired of getting squeezed and took our short profits. The market is near the trend line again… Will show this in the weekly this week.
Finally got some BP and made the move on your advice.
Thanks for the comment globinator, but remember were not giving any advice here. We are just exposing our trades. The terms of use explain fully. Glad your enjoying the site.
Good numbers last yr and so far this yr. Are those numbers gross or net of fees/taxes?
Do you use the Time or Money Weighted rate of return to calculate your performance?
After today’s huge reversal and S/P not holding 1131, I’m surprised you went long.
Keep up the good work and best of luck!
Hi Tyrone,
Thanks for the comments. Answers to your questions: gross and time weighted. The reversal was nasty yesterday, but the uptrend is still intact. The decision last week was a tough one because the market is in no mans land here with bearish and bullish technicals. We will be nimble.