Monday, October 17, 2022

Covered copper short

Covered my COPX 4% short position on Friday.  Now around 38% short.  Specifically to do with copper, not the market.  I am following Hedgeye for my shorts.

Want to put some more shorts on to replace it, but its hard.  No one knows when a 20% bear market rally will appear.  Or if the market keeps going straight down.  If I don't make trade short term trades, I have 2 choices:

  • wait for a bear market rally (which may not appear), and scale into it, or 
  • just close you eves and stab, hoping you hit something.

Also added 1% more uranium (SPUT) last week.

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