I sold my long-term hedge against market catastrophe for, well, a catastrophic loss. The only place I mentioned the position was in my Dec. 6, 2012 essay "Cliff Notes (Fiscal Edition"), which I've updated with another essay on the folly of buy-and-hold, unhedged trading. It includes results of the trade.
I've removed two symbols from the Watchlist, a potential bear play on DE and a potential bull play on VZ. See the updates to my Oct. 8 essay "DE: Plowing the downslope" and my Sept. 22 post "Monday's Finalists: TIBX, VZ AGO" for details. The two symbols were never traded, so no results.
References
My shorter-term trading rules can be read here. My longer-term trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here. My very short term volatility trading rules can be read here.
Disclaimer
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.License
All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Based on a work at www.timbovee.com.
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