Welcome To the Stock Synergy, Momentum & Breakout HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: Markets!!!

Well, I think we're just in a correction, but I don't like being fully invested during corrections, so I sell into strength whenever it shows up. I've sold most of the stuff that I bought last week during the mini-panic. Did very nicely selling puts as well. Everything except GDX and XLB expired worthless, and they popped up yesterday, so I made money on the option premiums and the stocks as well - so no complaints.

I think we're nearing the end of the B wave of an ABC correction, so another leg down could be coming. Even if the markets grind higher instead, I'll continue to raise cash until the Venture regains its mojo - that could be several months away. Without the "risk on" Venture trade, I like having a large chunk of cash. Cash is my method of portfolio protection with the added benefit of being able to take advantage of opportunities that pop up from time to time.

Share
New Message
Please login to post a reply