Tuesday, March 4, 2008

What a good few weeks!

My account is up over 50% since I started posting. Mostly on shorts on the QQQQ, XLF and today was C.

A good couple of trading days. I have been scalping a profits on smaller positions to take my line in large positions. I current how 35 contracts March 41 QQQQ Puts. If the charts move as they should this should break to the downside to about 39. My cost is .63 per contract.

However, my only concern is will it happen prior to the expiration date of this month. In addition, the Friday jobs number will be a major concern also.

My current positions are short on QQQQ and long GLD.

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