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Weekly Update for week 39 ended 10/11/2008 Yet another solid week, up 57K (26%). Most of that taking place on Friday. What a week it was! Almost impossible now to trade individual stocks on their own merit without reference to the entire market. Not surprising the bigger gains/losses this...

Mr Oracle, your call was prescient. Hope you made lots of money trading it.

Japan is capitulating. Tomorrow morning America will do the same. Go borrow from your friends and load up! You will be rich when the market comes back to your fair value.

My God, this market keeps crying oversold and hindering me from making bearish moves or causing me to quickly get out of short positions, and yet the bottom never comes. Regrets all around.

Seems we are going to have a record volume day today. Capitulation?

Thanks, I shall think of that when I have run up my personal balance to tens of millions. I want to be the biggest investor in my fund.

Mostly, I do intra-day or single overnight. Occasionally go for 2 or 3 days.

Weekly Update for week 38 ended 10/04/2008 Another solid week, up 38K (21%). Delighted to have another great week. The market has definitely been throwing up some great opportunities. The best trade was MOS: shorted 2000 shares at 55 in after hours after their disappointing earnings...

No I do not sell my system (a lot of discretionary element is there by the way). The top traders do not. That would blunt the edge.

Weekly Update for week 37 ended 09/27/2008 Solid week, up 34K (23%). Pleased to have delivered a steady stream of winning trades (15 out of 17). The biggest loser was RIMM (shorted 2000 shares at 80.5 in afterhours on Thursday after their disappointing earnings. Very wrong timing, as the...

Weekly Update for week 36 ended 09/20/2008 An OK week, up 9.8K (7.2%). What a week it could have been! Did not play out. These are dizzying times in the markets. Who could have imagined the type of intra-day swings happening in the market and in individual financial stocks(AIG, GS, STT, MS...

Another short-term capitulation? We saw it on jan 22/ mar 17/ jul 15/ sep 5, yet it's not over.

Weekly Update for week 35 ended 09/13/2008 Silly week, down 20K (13%). Overtraded and lost heavily. Lost on FSLR option carried forward from last week. Lost 8K also, shorting LEH pre-market on Wednesday. Couldn't sit out the bounce before the eventual decline. Not good. Opening...

Sorry to hear the loss. I do like buying oversold cases for short-term bounce, but not on these sick story financial stocks. The risk is just too much.

What a pathetic market. I have myself to blame for not closing out at the silly opening gap. Anyone should have seen that taking over a company and rendering shares worthless does not bode well for equity holders of other distressed companies.

Just cursing my stars for not carrying more of my call options over the week-end

Good job on the week. You must have nailed it with that big downtrend in the first three days. This week, the usual inverse correlation between the stock market and commodities related stocks did not work: everything went down, and reversed together on Friday.

Mostly. Sometimes following month if current too close to expiration.

Thanks for your concern. I am constantly working on my risk parameters. My aim is to take risk proportional to expected returns, but such that my expected drawdown is within my tolerance limit. When starting this year's thread, I mentioned I am ready to take a drawdown of 40% in the pursuit of...

Weekly Update for week 34 ended 09/06/2008 Solid week, up $29,916 (23.9%). The market owes me an apology though for the scare, and the volatility in my account. I don't know what is wrong with the first trading days of the week, but lately they have been set-backs. Bought into the strong...