Realized a loss of -$554.03, for a return of -12.94%.

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Sold 200 Shares of SSO at 18.68

I guess you could say I’m averaging down here. I think the short-term trend still feels relatively bad, but I really don’t think we are going to go much lower. I think SSO under 20 is a good opportunity for decent gains over the next couple of weeks.

This brings my current long position in SSO to 200 shares at an average price of 21.35.

This post originally appeared at: Clear Trades. Follow me on Twitter

After-Hours, Bought 100 Shares of SSO at 19.92

Long 100 shares of SSO at 22.77. I’ve traded the SSO a lot this week, but as of this trade I wasn’t holding any.

Once again, I’m trying to time market momentum. The good news is that this was a good price to get in at. The bad news is that I could have held my original position and been better off, saving the loss on the SDS and saving all of the extra commissions.

Lesson learned- if I’m going to try to time the market I need to be a lot more deliberate with when I buy and sell. I’m probably better off being more patient and giving it some time. With any good news next week I think we are still heading up nicely so I plan to hold on to this one for a little while longer and I think I should come out ahead in the end.

This post originally appeared at: Clear Trades. Follow me on Twitter

Bought 100 Shares of SSO at 22.77

Sold 170 shares of SSO at 22.15, clearing out my total position.

I saw the market turning down at this point, which actually turned out to be accurate, though I could have still sold for a slightly better price that day. With the market turning, I sold my SSO for a loss and went long SDS instead. SDS is an S&P 500 short ETF as opposed to the SSO, which is an S&P 500 long ETF.

Realized loss of -$157.23, for a return of -4.02%.

This post originally appeared at: Clear Trades. Follow me on Twitter

Sold 170 Shares of SSO at 22.15

Long 90 shares of SSO at 21.91.

I added even more to my SSO position, continuing to average down my per share cost. I finally got in at a much better price than previously. This left me with 170 shares of SSO at an average price of 22.95.

This post originally appeared at: Clear Trades. Follow me on Twitter

BOUGHT 90 SHARES OF SSO AT $21.91

Long 40 more shares of SSO – (Ultra S&P500 ProShares) at 23.61 per share. This brings me to 80 shares at 24.04.

I was trying to reduce my per share cost of SSO. Still a little too high on the price, but at least I did better than the previous day. Looking back, I can see that I was still wrong on the direction of the market.

This post originally appeared at: Clear Trades. Follow me on Twitter

BOUGHT 40 SHARES OF SSO AT $23.61

Went long 40 shares of SSO – (Ultra S&P500 ProShares) at 24.46 per share.

Looking back, I can see that I made this trade at the worst possible time. I got caught up in the emotion of the market rally and didn’t pay careful enough attention to the charts. If I had been short this would have been a great trade…but of course that is easy to see now.

This post originally appeared at: Clear Trades. Follow me on Twitter

BOUGHT 40 SHARES OF SSO AT $24.46