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.
Quite a day, quite a day. As I've said before, traders are never happy. This is one of those days where I'm thinking, "Oh, if only I was more exposed!" Because I have had 75 – count 'em, 75 – short ideas waiting in the wings. But I'm not inclined to chase prices downward.
But my array of 91 short positions – every blessed one of them short – are doing fine and dandy, thank you very much. I'll probably do another video update after the close.
Godspeed, intrepid Slopers!
I have been buying and selling millions of dollars worth of GLD, SSO, and TWM all day, with very good results. I am – at the moment – buying up a big ol' hunk of SSO (the ultralong S&P ETF), but it's just a day trade. I've set the stop at the day's low. Having a really, really good day in both directions.
Obviously a very good day here on Slope (the paucity of my posts notwithstanding). My general feeling? I want to see one last gasp upward from here. Doesn't have to be to new highs. Just one last attempt higher. I have a mountain of great shorts, but I'm not going to be chasing them down in price. I'm holding off on going bat-sh*t crazy with my shorts until we get a lift, although my current positions I am holding.
The break in @NQ is another encouraging sign.