september 21, 2011 to january 05, 2012 tna portfolio performance:
roadmap longs have been reduced from a maximum long exposure of 95% at 1166 spx on 11/23/11 to zero% at 1282.6 on 01/03/12.
at a close above 1293 spx i will return to long and it (1293) will serve as confirmation that wave 3 of intermediate wave 3 is in progress.
i’ll probably get renewed short signals in the tna and drn portfolio tomorrow but i’m cautious and suspicious about being short below 1255 spx.
keep watching the new short term gold portfolio, the trading system is new but it should be exciting to watch.
from the prior comments section:
1)January 3, 2012 at 3:09 am
“i’m buying a 50% long postion of $nugt on a 20.19 stop for tuesday only, for the new short term gold portfolio.”
2) January 6, 2012 at 12:04 am:
‘drn short stopped at 51.40 from 52.31 for a 1.73% profit.
tna short from 48.57 stopped out at 47.28 for a 1.29% profit.
nugt is still long from 21.00, closed at 22.19 today.”
3)January 3, 2012 at 10:35 am
“closing out remaining 10% allocation of roadmap longs at spx
1282.61.”
4)
“you can give a trader the world’s best trading system but how he/she manages it is the real key, the key is not the trading
system in my opinion.”
portfolios:
all portfolios are now flat (drn and tna shorts were closed yesterday) except for a 50% long position in the new short term gold portfolio. high risk portfolios, value portfolio and medium risk portfolio were closed with profits(see prior posts) , smaller than i hoped but with profits. the tna and drn as well as the roadmap portfolios have posted exceptional profits but luck and rivers run dry at times and a big ego won’t rain profits or sweet water. as a bum hiding out in a rich man’s abandoned root cellar i just hope sir clarence keeps having those fancy dinner parties with throw-away lobster and vegetarian dinners for more garbage diving; the red meat just isn’t good for my cholesterol.
i am still upgrading my proprietary fear/greed indicator and you will get email updates and interpretation as how i use it but not the components of the indicator. you will gain a whole new perspective into trading and won’t need the indicator or its components and code after a few days or weeks of interpretation. just give me a few more weeks of time.
in response to a reader’s question: i have no plans for turning this blog or related emails into fee based sevices, i don’t have those kind of monetary motives for writing this blog. you get what you give and the “about button at the top leads to further details.
as usual, i will provide updates within the comments section.
