The reason for this situation is very simple: last Friday, I was not able to trade and hence I only noticed the large reversal after the market closed and markets opened on a gap on the following Monday. This made it difficult to jump in.
The 0.98% Portfolio loss of this month occurred mainly on two losing trades: SWI that I kept a little longer than expected, hoping for a market reversal on Monday and GDX, which was closed yesterday morning as soon as it was clear that the Gap up in gold would carry GDX higher for the day.
The WNR long compensated for the SWI lost, but I only had half a position in that trade.
You can see below that there are three short trade trials shown in Yellow. It is absolutely correct to try new trades and get out on the day as soon as it is obvious that they do not work.
All in all, this little sideways action is not catastrophic.
There were two new short trades yesterday: EBAY and MW
The portfolio is now 60% short, with a max DD risk of 1.59%, but an overall statistical risk of 0.15%.
This is entirely manageable.
The trade ideas for today are below. I am mostly interested in the ORCL and ARMH shorts. The shorts shown in Pink are Breakdown on volume.
http://www.effectivevolume.com/showt...0419#post30419
The ARMH stats are below.