Core Short Positions

My main concern or interest is the core positions, almost all short, that we have been building.

While they are not complete, I do think we get a chance to complete them, I've been adding here and there when signals were right such as AMZN last week above the $282.50 level which we waited a long time for.

While we spend a lot of time trading in and out of short or swing trade timeframes (usually shorter), the ability to build these core or larger positions is because they can withstand some volatility, this is why I chose not to use leverage.

In any case with a move like today or this week, we can see we are on the right track, we have picked some good positions.

Our Equity (Core positions) Tracking Portfolio is at a rank of

#57 of just under 1600,  but more importantly is the performance vs the SPX, so far we are significantly outperforming the SPX so this tells me we are in the right assets and looking at the right assets. 

I don't expect this to hold right now in the near term, but I can now see these positions are in the right places.

Our biggest winner so far with no leverage is IOC (SHORT) at nearly 19%

This is the big picture, there are positions to add and positions to fill out, I'm VERY confident we'll have that opportunity whether you want to add to/ fill out or initiate new positions.

It won't be easy, it will likely be shorting in to the opposite of buying in to this market, but when the signals are there, we'll be fine as you can see we have been.

The trick in my view is to not use leverage and to not use ETFs, use real equity shorts (there are exceptions of course), this is one of the main reasons, the other is these positions can be put together and maintained through this volatility without all that leverage creating problems, these are the more relaxing trending trades when we reach that point.

When you have time, try to read this article I wrote, this will show you the advantage of shorting an equity rather than using a short/bear ETF (there are times for that).

Making More Than 100% on a Short

This is what all of our large picture analysis has been about, this is where the ultimate, real trade is and where the chance to really make money is.