I am flummoxed and frustrated by the markets. Last week, I initiated four trades and all four are below the line after commissions. The image of the puddle duck comes to mind because it looks like he is floating effortless on top of the water while below his feet are churning for all they are worth. It seems a fitting metaphor for a lot of trading activity with nothing positive to show.
For now, I plan to let my positions sort themselves out and hope that support levels eventually hold, and that expiration comes without more shoes (or bombs) dropping.
Long GDX, GLD, SPY, TBT, XME
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