I shorted AMZN early in the day, but decided to cover that short in order to free up money in case a bounce materialized, and so I bought the FAF long position, which is now slightly under water.
I also sold ADS, as it had a negative EV pattern at one point, and I did the same with the long POT, which recovered after I sold it. Very frustrating.
The CMG trade continues to perform well. I lowered the stop. We might experience an oversold bounce here, but the best is to ride this trade.
The Portfolio situation is shown below. The risk is very limited (Max Loss of -0.88%.) Hence, it would be okay to sit tight, do nothing, and just wait through the FOMC announcement of tomorrow. However, there could be interesting opportunities today. Below is a list of long and short trade ideas. The ideas in yellow are the safer ideas. These in blue are the most difficult, because they are linked to the possible reversal of some high-flyers.
The SM/ERX short will depend on how the energy sector reacts to the bounce in oil. It might require patience.
FB and AMZN have a very low probability of reaching their respective short targets, but if the bounce is very strong, then it could come into play, especially tomorrow morning.
LII/RCL seem to be safer long trades. You can see that the position size can easily be 100% for these two ideas.
However, AWAY, QIHU and PANW are very volatile, which is why the recommended position size is lower.
As of now, my favorite trade idea is a long RCL.