These will be great shorts later. For now, I've taken profits. Sorry for the quick post, but I am, once again, ungodly busy.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Seems Like a Low-Risk /ES Day Trade Short
There Is No Technical Support Until the Low 600s
GrudgeZone
I think there's a fairly universal distaste on this board for Autozone (AZO) or, as I like to think of it, "The Stock That Cannot Go Down."
I believe I am entitled to one completely stupid, irrational, grudge trade. I am therefore buying more puts on this thing. As for a stop price, $1,000 or so is probably right.
Patient Bear, Impatient Bull
OK, full disclosure time.
In spite of all my bravado about USO, I didn't want to hold on to it. I entered the day with the largest position I've ever held in any security, and when it gapped up nearly 4%, I didn't see much more short-term potential. So I sold it at a nice profit (close price $25.35). This absolutely does not mean I think it doesn't have a good future. I think in a month or two it has the prospect of being much higher. But these days I'm not wired to hold on to long positions for months at a time. I'm playing it safe.
As for /ES, the stop-loss level at 715.25 is so obvious that I have re-entered a small position (10 contracts). I will augment this if weakness continues.
