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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: RR who wrote (54763)9/3/2002 6:32:30 PM
From: Sully-  Read Replies (1) | Respond to of 65232
 
Hey there RR!

The last two months have been among the toughest to trade in a long time. I've managed to scrape out consistent profits, but I'm taking like 45% losers to go with like 55% winners.

I went 100% cash late last week. I thought we could go down big, but I did not believe it with any conviction....... sooooooo...... rather than force the issue, I went to cash & just scalped the QQQ's short for some pocket change a couple of times.

I still think we could see more down, but I do not have any conviction, so I'm at 100% cash again. I'd rather have opportunity cost missed than real losses on the books.

Hope all is well in RR land. Take care my friend!

Tim