Filling Out Partial Trading Positions

Yesterday after a several month long hiatus as the market had ranged, we started adding positions in greater frequency. The range is a meat grinder for a portfolio unless you are a writer of options, but the risk there is not even worth it. Sometimes it's not about making money, but preserving capital and managing positions to ride out these times when the atmosphere is really not ideal for any kind of trading.

I'll be filling out several partial positions starting with leveraged ETFs like FAZ, SQQQ and a few others, I'll let you know BEFORE I make any of those moves.

Yesterday we filled out NUGT long from a half size position to a full and we were right on the nose to the day.

I'll be updating GDX/NUGT next, the correlation with gold and gold's inverse correlation with the market is not good news for the market, but as we saw last week, all of the other levers of short term market manipulation were breaking and the loitering of USD/JPY that allowed the market some upside is now rolling over, this loitering concept is market wide in all assets so it's one worth remembering.