Sunday, January 1, 2017

Jan 1 - Long China + XBI

Happy New year guys.  Looking forward to this year and feel like the end of this year could be the start of something big.

The discretionary acct (100k) ended up +35% 
The volatility (short) acct (100k) ended up +37%
The Cecil Fielder acct (15k) got demolished at -75%.  I have reloaded it back to 15k and will see what happens this year.

Picked up longs this week 

-China exposure via BIDU, BABA, CTRP, SOHU (looking for 2-3 mo hold roughly) 
-added to long term position in CMG
-XBI feb calls

Still holding 1/2 of the VXX Jan/ Mar puts from pre-election.  

SOHU looks promising as a swing trade at this level

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