SHORT IRM $24.96SHORT BX $13.76
SHORT FIG $4.19
SHORT LXU $12.16
SOLD 1/2 SU.TO $36.34
SOLD 1/2 CR.TO $9.84
SOLD 1/4 PDN.TO $3.82
COVER BX $13.37
COVER IRM $24.64
COVER TRK $13.66
Times are crazy right now in the markets, down 300, up 250, down 250...what is a trader supposed to do? Make sure you aren't on the wrong side of the market and be patient for profitable setups!! I don't like the action in this market right now and I think we are headed lower after possible bounce next week, which can create some better shorting opportunities.
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Yesterday's gains were all but completely erased today and I made some good coin shorting stocks again. October has turned out to be my most profitable month this year as the sharp declines this week have been good to me with my short positions. I think we are headed into a neutral/bearish trading range and will be looking to short this market rather than buying into this dip. I think we have hit the highs for the markets this year and after breaking this rising wedge, we will have a 10-15% pullback from here.
Remaining shorts: FIG, LXU, SPWRB
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