I had the best week of the year for me, percentage wise, yet left so much on the table running scared. This week will be just as much of a nail biter. Wednesday, the German court rules. At first I thought that this clearly violates their constitution, but recent rulings from our courts, and the total disregard for the rule of law in other matters relating to the bankers, has me thinking all systems go. On Thursday Ben speaks, with the recent run up in the market, should be a sell the news event, but as my trading partner pointed out to me, they may already be doing QE3, and just decided to not tell us.
For me, risk management demands I continue to move up stops and scale down my size, and on Tuesday I will initiate some hedging.
For those who subscribe to me, I am going to add BOIL, which is a leveraged Natural Gas ETF to my focus list. Nat Gas has bottomed, and I want to buy the dips and ride the moves with some leverage. Below are some charts and my portfolio and performance.