Tuesday, September 28, 2010

9/28 pre-open

The SP futures 30-minute M/A was broken in overnight trading. I'm currently short 1% DJ futures and long 20% SDS. I can now look for rally to increase short exposure, particularly carrying another 1% futures short.

Review of the money management rules:
a) I1 turn date. Put on 4%-12% double short ETFs and 1% futures shorts
b) Breaking the 30-minute,91-unit M/A SP futures. 15%-30% ETFs, 1%-2% futures
c) Breaking the 5-minute, 380-unit M/A. 40% ETFs, 2%-3% futures.  
The 5-minute, 380-unit M/A is currently at 10,780 and will be broken at 10,635.
Looking to short SP futures at return to 30-minute M/A, I shorted at 1141.50.

1 comment:

  1. Lets hope this dive is the start of it, my plan is to just hold my shorts for as long as i can.