Hello, Longtime reader, first time poster. Been enjoying the forums for a while and decided to try and get involved now that I started trading a new strategy that I think has some promise. About me... I have a full time job as a software consultant but I've been in trading my own stocks/options portfolio for about 10 years and was also part of an automated trading partnership as a side venture. In other words, I'm not a full time trader but I think I know some stuff. The strategy... I've been researching some overall market indicators that I think show a lot of promise and have cobbled together a loose methodology that I can hopefully refine as the year progresses. The gist of the system is a overbought/oversold indicator that I'll use to take a long or short position in the overall US stock market via SPY, SSO, QID, QLD. I'm still working on a methodology for closing trades so right now I use a combination of "gut" feeling and an arbitrary period of 1 month. My goal is to outperform the S&P 500 in 2007 by 5-10 percentage points. I'm hoping my methodology will allow me do do this while simultaneously reducing risk/volatility. Based on the past few years, I'm only expecting to make 1-10 trades per year so some may find this journal a little boring. Some may look at this as more of an asset-allocation strategy - which suits me just fine. I actually started trading this strategy about a month ago when I received a "Sell" signal in Early July. I'll start my journal with this trade - because it was the first day I started trading this system - which is significant to me. <b> 7/3/2007 Buy 500 QID for 22,340.00 8/15/2007 Sell 500 QID for 23,939.64 Net Gain: 1,599.64 (7.16%) </b> Getting this trade right was a great feeling for 2 reasons. 1) It confirmed my methodology and provided an additional trial. 2) This trade was a great hedge against my regular "discretionary" portfolio which was net long during the Sub prime meltdown. On 8/15/2007 I also sold my short position and moved into 50% Cash/ 50% SSO. I'm pondering this my "neutral" position that I'll use between signals which will serve as a proxy for a 100% long S&P 500 position. <b>8/15/2007 Buy 350 SSO for 29,094.99</b> Any feedback/comments suggestions welcome!