Thread: ripper's account talk

Weekly update:

Year-to-date performance does not include current open trades.

Aggressive Model:
YTD: +13.2%
Current position: 100% TZA @ 39.33

Conservative Model:
YTD: +10.0%
Current position: 100% SH @ 20.05

While my hourly and daily signals are bearish, the two longer-term signals I follow remain bullish, which concerns me. I would be more comfortable with my shorter-term position aligned with at least one of my longer-term signals. The longer-term signals have been doing well. One has been long since 2/1 (SPX 1939), the other since 2/29 (SPX 1947). Maybe I should just be trading my longer-term signals.

Hope everyone has a profitable trading week.

Weekly update:

Year-to-date performance does not include current open trades.

Aggressive Model:
YTD: +13.2%
Current position: 100% TZA @ 39.33

Conservative Model:
YTD: +10.0%
Current position: 100% SH @ 20.05

As I said last week, I prefer to trade when my short-term signals align with my longer-term signals. My longer-term signals remain bullish, although both could easily flip to bearish soon with more selling pressure.
I checked to see how my short-term signals would have performed when trading only when there were aligned with at least one of my longer-term signals this year. Trading in that manner would have shown a profit of 32% trading UPRO/SPXU and 42.8% trading TNA/TZA. I should add that the bulk of those gains (16.1% and 26.4%) came in the first couple of weeks of the year when the market sold off.

Best wishes to everyone for a profitable week.

Sold 50% TZA @ 42.0

Sent from my VS986 using Tapatalk

"As I said last week, I prefer to trade when my short-term signals align with my longer-term signals. My longer-term signals remain bullish, although both could easily flip to bearish soon with more selling pressure."

One of my longer-term signals turned bearish on Monday. The other remains bullish, although a close below SPX 2040 (for now) would turn it bearish. My shorter-term signals usually perform better when they are aligned with at least one of the longer-term signals.

Weekly update:

Ugh. I thought I posted my trade on Friday via my phone but apparently I did not. Anyway, shouldn't make much difference since it was a trade at the market close. I sold 50% of SH for 20.38.

Year-to-date performance does not include current open trades.

Aggressive Model:
YTD: +17.0%
Current position: 50% TZA @ 39.33

Conservative Model:
YTD: +10.9%
Current position: 50% SH @ 20.05

My short-term signals remain bearish but are weakening. They could flip to bullish on Monday. My two long-term signals remain split.

Bought 50% TZA at 41.29.

Sold TZA @ 41.28
Sold SH @ 20.23
Bought 50% TNA $ 58.55
Bought 100% SPY @ 207.26

Sold 50% SPY @ 205.70
Sold TNA @ 56.58

Sold SPY @ 206.80

Bought 100% TZA @ 42.29
Bought 100% SH @ 20.27

Weekly update:

Year-to-date performance does not include current open trades.

Aggressive Model:
YTD: +17.9%
Current position: 100% TZA @ 42.29

Conservative Model:
YTD: +11.0%
Current position: 100% SH @ 20.27

Got whipsawed a little bit this week when my signal flipped to bullish for a couple of days. But I'm ok with an occasional whipsaw, as I feel my signals will have me on the right side when the larger moves occur.
It looks like there's a very high probability of Friday's low being tested in the next 1-3 days. The next critical point for a continued downtrend is SPX 2040. If we breach that, there is a higher probability we'll reach 1970-1980. But I'm not too concerned with a drop much lower than that. It appears we'll see higher highs yet this year.
Many have said that this will be a year of major swings and so far it appears to be true. It should provide some excellent opportunities for profit, as long as we're on the right side.

Best wishes to all for a profitable week...

Sold at the open:

50% TZA @ 42.57
50% SH @ 20.44