5% to 6% money market is a beautiful thing right now. HSBC has 6% money market through the end of April.
Was net short. Closed shorts out completely at close. Began selectively accumulating some longs which I have been watching. Overall now 5% net long. 95% cash (money market). Good Luck Incredible week!!!
Holding longs and added some at close today. Hedged my longs with puts on DIA, SPY, and QQQQ just in case of a metldown.
so, some of the various business news sites are suggesting that the last hour is due to people closingout positions before the weekend so they dont get caught with their pants down over the weekend. That being said, I hope Monday will see an influx of money back into the market if there isn't continued selling during the 1st hour (opening lower though is fine). No major rally, but I wouldnt short.
~90% long ~3% short ~7% cash I didn't do it, my trading bot did . I hope he will not let me down... I learned not to secong-guess him. After all he made me go thru this week somehow ok. Current drawdown is ~2.9%
what is trading bot? -2.9? could be worse. but i would be willing to venture good traders cleared 10%+ this week alone. I made 7% and i have been in cash since wed.
I think we go up on Monday (at least for that day). My Int-Term momentum indicators still look negative.