Portfolio Management for August 12, 2014

Yesterday, I initiated a new 1/2 long SPXL position when the S&P500 pulled back down to the 1940 support on a 20DMF that was not showing much selling, but I had to close the position when the S&P500 broke below support.

The total loss was 0.4% on 1/2 a position, which makes a 0.04% loss on the Portfolio.
Even though I lost money on this trade, I still feel that it was a good trade that was executed by my rules. Very different from my poorly executed trade Friday, even though it did not lose money.

I have no problems continuing to try trades as long as risk is kept low and settings look good.






We can see below that the Portfolio profits still look okay and that drawdowns are still minimal.





The trade ideas for today are below. I am more interested in the short than the long ideas. The only long is a broken stock that could bounce on a continued short covering push.