Trades and Ideas

Ridiculously Useless Day

24 trades, P&L -$34.74

I thought it was a bunch of small trades that killed me today, but turns out just one big one.

Overnight I’m holding

[[EEV]] (double-short emerging markets)
[[ABK]] (Ambac)
[[LVS]] (Las Vegas Sands)
[[HIG]] (Hartford Financial Services)
[[FSLR]] – still short, BUT… if Obama wins, I’ll cover and go long. Yep.

Switching from shorting the strength to buying the weakness.

Started reading Liar’s Poker. It reads like fiction, but deals with stocks and bonds and psychology, so I may learn a thing or two.