THIS MARKET IS LOOKING WORSE EVERYDAY

Because of the above, I'm accelerating some of the trades from yesterday and putting a few at market and a few closer to trigger levels. I have also added a lot of ETF's that are Ultras, you'll want to look at those and have some exposure to them in different industries, ETFs have some advantages-like they are not as news sensitive as a stock and the Ultras have the advantage of leverage. However, an Ultrashort which you buy is not the same as a true short. A true short wil add money to your account as it becomes profitable and a portion of that money can be used right away to finance or add to other trades, this can not be done with a long position.

The stops are a bit further so in risk management that means you need to take on less shares-Read at TG about position sizing and the 2% rule. You can always add to the trade later so for now, get exposure but don't swing for the fences. Also look back at the last list, the trades listed in late may are also worth considering.

Risk management is the name of the game right now, even if this market moves higher for a short period we can still make a lot of money but you must follow the rules. If you have ant trade or portfolio specific questions, be sure to email me. I want to see you make money and if I can answer a question and help you do that then by all means, send me the email and I'll answer ASAP.

Do not correlate positions, do not put more than 15% in any one trade and for now do not take full positions but 50% or so of your intended position and make sure you position size so your risk on a failed trade is under 2%. Also do not over diversify, for most people's portfolios 6-8 positions will give you all the exposure you need. As a rule of thumb, $10k =3 positions, $20k maybe up to 5 positions, $100k 6-8 positions. If you are over that level I can help you diversify without over diversifying which kills returns, it's a wall street myth designed to increase brokers commissions . THERE IS NO SAFE TRADE, WHENEVER YOUR MONEY IS IN THE MARKET IT IS AT RISK SO MAKE THE MOST OF IT!!!

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