09 March 2007

Don't Be A Pig

Just got an email asking why I'm not looking for a short entry when I'm recommending a long scalp...the honest answer is I've got several shorts including the CAL put position I mentioned yesterday and I'm trying to find a good spot to balance out my portfolio with some futures or more preferably some calls...so you can use my "market calls" whichever way you choose...I just feel that if you are already out sized short like myself, that 1735 level in the futures is a good spot to either take some profits or mitigate your risk by buying some calls on the cheap...jfg.


Casey said...

Yeah I'll say your cutting yourself short.

YukTrader said...

It worked out well for today anyway...I just don't like going into the weekend too exposed to any one directional move.