03-06-2012, 11:34 AM
I am a meat and potatoes trader, I just dont have the time or inclination to get crazy with spreads/options etc. I run my stock portfolio basically like I do my 401k but with extra play money to do what I want. I have 5 or 6 long positions, mostly in oil/precious metals and stocks with nice dividends, and then I have a wad of cash I move around based on market conditions. I will generally buy a stock I think is a good deal, and I'll sit on it until it turns a profit Im comfortable selling at. I will wait the market out. I dont like losing money so id be more inclined to sit on a position for an extended period than jump off the ship.
I did make some nice money playing the TNA/TZA game last year when Greece was driving the market crazy. Havent really done that lately, and Im sitting on a TZA that I need to be at $24 to break even. I have a lot of money in CVC (my own company) because I think it is really cheap right now.
I did make some nice money playing the TNA/TZA game last year when Greece was driving the market crazy. Havent really done that lately, and Im sitting on a TZA that I need to be at $24 to break even. I have a lot of money in CVC (my own company) because I think it is really cheap right now.