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List,
Well we reversed our positions near the open today. We have all of our
indicators in agreement (Short Term and both Intermediate Term Sell
Signals).
The last buy signal generated over 50 points profit on the S&P futures. My
brother has closed out all of his semi-conductor stocks (as well as
everything else) and will sell, or has sold the DIA, SPY and QQQ this
morning. Since he's been getting killed on the QQQ lately, he has only
taken 1/2 of his normal position size in the QQQ, while keeping his normal
positions in the DIA and SPY on the short side. He only trades these
equities (?) on the short side, preferring to buy actual stocks on our buy
signals. I don't want to question his methodology as he's making a ton.
In case I forgot to respond to any requests for the names of the money
management books we bought, please email me the request again, as I finally
got the 3 books together. We're trading very conservatively keeping our
"Risk of Ruin" to 0%.
Good Trading,
Guy
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