Just Along For The Ride

I don’t know why I even bother with the market during June & July.  With my portfolio allocated to 50% cash, 25% long (BBRY, CPL & CNX) and 25% short (TZA & DUST), the account balance barely changes from day to day.  Trying to catch the next move is becoming ever more difficult.  I am up 0.5% for the day, thanks to DUST and may be on the way to my first profitable June ever.  Nevertheless, I’m just not a good summer trader.

My stops are in and I am avoiding the urge to micromanage my positions.  If I’m right, the gains will take care of themselves.  If I’m wrong, the stops will do their job.  I will sell longs on a big rally and sell my short ETFs on a big drop.  Either may happen.  Someday I will learn from the smart money and spend summers far away from the market.

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