I exited IWM long pre for the following reasons.
VIX started to jump
Futures started nosediving and
oil start selling off once again.
Then entered SPY short looking for gap fill. I still think this gap up is constructive for setting up a base but not interested in getting aggressive until I see selling weaken. For now, just going to play small ball and fade the gaps and will let the market make up its mind for the intermediate term as we might be looking at a lot of churn this week. If at end of day we see a lower volume day I may go long again but will wait and see.
1000am update: trailing stop hit in SPY short for very small gain
I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...
I have been stopped out twice in last few weeks trying to short GLD. I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...