• Portfolio Management for October 2, 2015

    The market was still difficult yesterday, pushing down from the start and reversing in the afternoon.

    The two positions, in CF and PAA, worked against me and had to be closed.

    When I take a new position, it should move quickly in the right direction, or at least the EV pattern should support it. Otherwise, it is better to close it out and look for another opportunity.

    Holding a position that is positive is much easier but we need to "survive" to that point.





    I took the WNR long when the stock reached the entry price on volume and also took one of the stock selection advised shorts: SWI.











    The trade ideas are below. I will not be at the trading desk today because of outside meetings. The two short ideas in yellow look the most interesting. FEYE could be good on the long side.

    If I were trading, in the current market conditions I would open one new long and one new short.