Henrique Simoes'  Instablog

I am using my profits in my last S&P short position to short again. Bonds are weakening again and I think that will propel a sell-off in stocks.

Even if it doesn`t, I think it is a reasonable, not perfect, shorting spot. 

Its much easier to trade when we are winning and way up for the month isn`t it?

Consumer confidence was much stronger then expected and it might fuel the rally even further. But Consumer Confidence has been influenced by the Green Shoots the media has been shouting about and the strong equity market.

If it were a real economic indicator I would be a lot more conservative and I could even go long instead of short. Take care. Don`t let them beat you.

Oil Trader`s Blog is a website for active online futures and stock traders. I will provide my real time trading decisions and my market thoughts on this webpage. Trading is not as hard as some think and definitely not as easy as some wanted it to be. 

I post my trades in real time in my blog and with a delay here on Seeking Alpha.

 I have just closed my S&P Futures position at 878.50. The financials opened strong and I fear that they might rally. Bank stocks are tricky and we never know what to expect. Maybe the upbeat moves in banks are related to this Bloomberg news, "JPMorgan Chase & Co. stands to reap a $29 billion windfall thanks to an accounting rule that lets the second-biggest U.S. bank transform bad loans it purchased from Washington Mutual Inc. into income". The usual mess.

I have also closed half of my short oil position so I am pretty light, sitting on the cash I have just made. 

Maybe I will re-short S&P`s later on.

Have you read the article I suggested you in the last post? Very good material. (posted on the Oil Trader`s Blog)

Oil Trader`s Blog is a website for active online futures and stock traders. I will provide my real time trading decisions and my market thoughts on this webpage. Trading is not as hard as some think and definitely not as easy as some wanted it to be.

Well, well, well. Futures are underwater and I hear the sound of cash ringing.

It will be a very easy trading session because if I want to I can close all my positions and end the month prematurely, unexpectedly early. It will be a very good month, although as I told you, it did not begin so well. But patience paid and I am never impatient with my trading positions when I know I am right.

But these positions still have plenty of room on the downside, so the smart move is to close half and let the remaining part do the work. We can go to 850 in the S&P`s pretty soon and maybe 57 USD in the Crude Oil Futures.

And now, I will give the best trading advice you can ever get. When you close a good trade with a big profit, withdraw half of the money from your trading account to your bank. That is your insurance. If something goes wrong with any position you will have some more bullets to play in the future.

Oil Trader`s Blog is a website for active online futures and stock traders. I will provide my real time trading decisions and my market thoughts on this webpage. Trading is not as hard as some think and definitely not as easy as some wanted it to be.