Today the markets are dropping like a rock at the time of this posting, we are currently hold a long and short position GS which is currently under water. Meaning we are in our dead zone, not making a profit, however, showing a loss. GS need to come down to our new target of $157.50 level low or shoot back up to the $165 level high.
On a positive note: July was a good month for us, as we posted a 44% gain, with 9 trades completed for the month. The above open trades are being rolled over to August, due to the time of a bad execution on our part of re-entry of a call position, in front of housing and Big Ben speech, also the CFTC hearnings which is GS bread and butter. Big Ben is speaking after the markets are closed today, as well. h
Well, we did it anyways and (purchased calls) should have sold them same day for a mere $60 per share profit, however, greed and hope, came into play. Housing numbers were good for a min. and we broke the rule and got caught with our hands in the golden honey pot, like captain hook line and sinker. We thought this was taken care of this greed and hope thing, but we still in a lot of work on it.
