• James A. Kostohryz
    $SPY $DIA Just went long $SDS for overnight trade. Stop at SPX 1346.
    3/6/12
    Reply (28)
    • EconStu: Tight spot @ 1346.
      3/6/12
    • drmike1000: FWIW I JUST WENT LONG SH POSSIBLY FOR LONGER THAN AN OVERNIGHT TRADE. LET SEE IF IT WORKS.
      3/6/12
    • Kits388: Good luck w trades. I have wanted to buy SDS since Feb 24 - no courage though, just gut - not defensible. Order placed late today. No fill.
      3/6/12
    • James A. Kostohryz: Econ Stu: In a way its tight; in a way not since overnight and mkt could open at 1360 tomorrow. So risk ctrl is more sizing than stop.
      3/6/12
    • EconStu: JK, Thanks, action at close was flat unlike Euro with sell off at close. In to learn again as position focuses attention. Cheers
      3/6/12
    • Trader Hubris: 15min chart, Rsi is rising and not yet hit 50, and the stochastic is rising and not yet hit 70.
      3/6/12
    • Trader Hubris: Maybe loosen that stop, tomorrows hopefull bulls might break the 1346... Hope I'm right for both our sakes.
      3/6/12
    • EconStu: Will stop out @ SDS $16.40. Will hold till then but unsure of NFP announcement tomorrow . placed in error below!!
      3/7/12
    • EconStu: Target hit so out of SDS.
      3/7/12
    • James A. Kostohryz: Hi guys. When I set stops/targets, folks should assume that I trigger them unless I say otherwise. I am not always available to write.
      3/7/12
    • James A. Kostohryz: Note that pursuant to above, I generally do nothing during first 30 minutes of trading, regardless of where stops/targets were placed.
      3/7/12
    • EconStu: remembered 30 min rule, actually started position day before at 16.13 added @ 16.70 and out at 16.58. 16.40 was most I would allow but
      3/7/12
    • EconStu: decided to not give up on gains in the bag and entered order to sell and it filled with more than I asked so luck for me
      3/7/12
    • drmike1000: With now nearly a 50% retracement from yesterdays 200 point dow loss, are you going to try another SDS long position again over this night?
      3/7/12
    • EconStu: For me, concern with NFP # but that works both ways!!
      3/7/12
    • uncle darwin: The Fed seems pretty intolerant to letting mother nature take her course.
      3/7/12
    • James A. Kostohryz: Will not take position going into Greek PSI. Plan was to position leading up to that (not through it) figuring many would reduce exposure.
      3/7/12
    • Elgrey: Can't believe James going long. Must be a good sign.
      3/8/12
    • EconStu: @ Elgrey You do know SDS long = SPY shortx2 or is there another message ?
      3/8/12
    • Elgrey: my bad sorry. just so unusual to see words "long" and "James" next to each other))). ok, everything is in order now.
      3/8/12
    • Kits388: Hi James, I am an educated, fairly well read, professional. I mostly agree with your well considered views. I find it mentally ...
      3/8/12
    • Kits388: taxing when I make carefully considered investment decisions based on apparently sound research and risk analysis ...
      3/8/12
    • Kits388: and the market routinely does not act in a way a reasonable person would expect. I have much more to learn or it is time to turn $ ...
      3/8/12
    • Kits388: over to an adviser ... this post relates to my questions regarding the recent market gains relative to the global risk profile. Cheers
      3/8/12
    • James A. Kostohryz: Kits: Markets moving out of step with fundamentals is how we make money. If that wasn't the case, there would be no opportunity.
      3/8/12
    • James A. Kostohryz: Fundamental investing takes patience. Furthermore, expected outcomes are only probabilistic. Thus, a successful process is iterative.
      3/8/12
    • Kits388: Agreed and thx. I was not feeling particularly patient today reading the MSM. As you have said before - I have not lost anything being in $
      3/8/12
    • Kits388: FYI - Spiegel interview of Hollande http://bit.ly/wsBkaA
      3/11/12