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How is it easier to get back if they take a bath? They still have to get over their high water marks.

Cool stuff. Keep up the good work and thanks. Brandon

I appriciate your obvious concern for my trading. I am sure all of my clients will sleep better knowing you are helping now on board after 7 years.

Eventually the goal is to be stopped out. I want to trail out all my stops with very few exceptions, so nearly all my exits will occur on a stop.

Pretty much just treading water here with a huge cash position, down slightly.

CMX gave us a very nice long setup yesterday from the breakout above $50.50. It is currently trading 52.80. Im going to take gains on 1/2 of the trade here and move my stop to $51.75 on the rest.

Closed DUK Updated stops DIA above 103.11 TXN above 27.86 WY 62.86 PHM above 36.45 DUK closed GM 27.35 CMX is my only long. Stops are under 51.60. I added a small amount from 52.10 this morning

Current Positions Cash: 83% Longs CMX $50.83 Shorts GM $27.94 WY $62.80 DIA $103.16 DUK $26 PHM $35.40 TXN $27.41

I have gotten 9 emails from people about being in cash, the majority of them telling me I have the luxery of being in cash because I am rich, while they as poor undercapitalized traders do not. There is only one response to this. BULLSHIT. I am in the position I am in now only because I have...

Why? If you have spent any time following me you would know that I flip from bullish to bearish and back again quite frequently, but you have not. You just like to see yourself post stuff.

www.position4profit.com/cmx.html

Also long some CMX here. Everything is small. Brandon

STOCK SWING TRADE: SHORT SETUP WY under 62.70. Stops above 63.40

I am shorting some semis as well as homebuilders. I will post a video going over the trades tonight. Brandon

09:52:24 STOCK SWING TRADE: SHORT SETUP DIA under 103.05. Stops above 104

I am back to cash having closed PQUE for a 18 cent loss and GOOG for a $7.00 gain. I think GM looks like a great short here if you can get some.

There was an interesting article in Futures Magazine about the effect of long only commodity funds on a number of the futures markets. Oil was heavily mentioned as one being effected in a big way. Brandon

Oil futures after Hurricane Katrina are a good example of this principle. Brandon

If something has been in a strong trend and it stops responding to news in that direction you tend to have an opportunity.

I have traded them for several years longer than I have traded stocks. None of it is based on TA.