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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