Thursday, December 13, 2012

From Table to Pocket

I took a little money off the table today when I sold half my NVDA calls and two-thirds of my DDD calls, +33.1% and +30.0% respectively.

I hate to take money out of positions likely to rebound on a fiscal cliff resolution, but then I don't want to be too exposed while the political quagmire threatens our economy with each passing day. Too bad the politicians can't seize the opportunity to make changes that would profoundly improve our country's fiscal well-being.

My short term trading strategy? Take each day (or hour) as it comes. Seize opportunities, limit risk, and be as wishy-washy and flip-floppy with my sentiments as necessary to get through this month.

Good Luck!

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