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I am now quite happy to say that a top has formed here at least providing nothing changes like yesterday... Still looking for a long but will have to wait for this correction first.

Useless predictions file: If I could short EYEG around 15-16 tomorrow I would. Unfortunately its not on the easy to borrow list :-(

It would normally not bother me but as I know that people are watching this journal I want to go for a good straight run of profitable trades. Also bear in mind now that since my bias is currently bullish to go counter trend would not be worth it in terms of risk and reward. Even though I am...

So this up move is quite strong but I am still waiting for a small correction to the downside.

Looks like we are making a short term top here. Short term being for a day or 2. I am still long biased but will wait for lower prices before entering. Because of taking a loss on the last trade I will not be trading this counter trend and will wait to enter long on a pullback. That may mean...

I would be happy to take the other side of this bet. What makes you sure that these oversold conditions will not continue?

http://market-topology.com

It depends on how much you are aiming to capture from shorting EDEN. You could maybe get away with using something correlated to EDEN but the highest correlation I can find is around 75%. See attached pics of correlated stocks and etf's. Hope this helps.

So this mornings open highlights the last loss I took could have been an excellent trade if I had took the draw down. Hence why RM wisdom shines through. Quote; The market does not know or care where you got in! 'Being up' or 'being down' on a position shouldn't ever change the way you trade...

Well we have gapped up at the open and so far the buying seems strong. I would normally be long right now but the Gap is concerning me. The last 2 setups like this the market has closed the gap so I will not be looking at going long until at least most of the gap has been traded.

Now fully out of that position remaining was exited at 205.24. To summarize I lost $1.31 on 50% of position and $1.65 on the remainder average exit price for full `position was -$1.48 So the question is was the trade worthy? I was going against quite big momentum and a gap but I took the...

I will add back on in this starts to go in my favour.

I have just scaled out of 50% of the position @ 205.58.

My confidence is beginning to wane...

Unfortunately I never found the right place to add more size on to this trade... I may reduce size and take some profit on this one (When I get some) and then hold overnight so long as all conditions stay the same. This maybe the start of quite a strong up move but then again with the exogenous...

To use a term from the Rearden Metal phrase book my position has so far been "pounded like a rented gerbil". http://www.urbandictionary.com/define.php?term=Pounded+like+a+rented+gerbil Still in the trade and we look to be forming a base on both SPY and VXX this may support my trade or be...

I am expecting a drop into the Gap. Should this happen I may add onto this position if conditions stay the same.

Long SPY @ 206.89

I don´t think that the conditions will be right for anymore trades today but will monitor accordingly. The market is acting like it has upside momentum in it so I am really looking forward to take a long somewhere but got to wait for the conditions to line up first but when everything does line...

100% position filled at 205.44 I would like to hold on for longer but the selling seems to be subsiding slightly. I do expect the market to trade lower but I am not as confident now as I was earlier on.