Posts Tagged ‘STD’

  • Momentum Book Update
    Posted by Leigh Drogen on July 11th, 2010 at 9:48 am, Comments: 0

    Rough market.  Staying small and extremely agile continues to be of utmost importance.  It’s been almost three full months since more than 25% of my capital was allocated on either side of this market.  In that time I’ve lost about 1% of absolute return.  For a market down more than 15% from the top, I’ll [...]

  • Momentum Book Update
    Posted by Leigh Drogen on June 12th, 2010 at 11:25 am, Comments: 0

    Very quick again this week because I’m still not trading for the most part in this stupid tape.  I did put a note out Friday on this blog regarding the better action I’m starting to see.  I did nothing yesterday though and the market melted up into the close.  It’s all about the path of [...]

  • Momentum Book Update
    Posted by Leigh Drogen on June 4th, 2010 at 9:27 pm, Comments: 0

    Quick post this week as there isn’t much going on in my trading book these days.  After not trading at all since May 21st I took a long position in the US Dollar via $UUP on Thursday at the close.  That position was 20% of my book, very large, but that ETF hardly moves, so [...]

  • Long The US Dollar, Because….. It’s Going Higher
    Posted by Leigh Drogen on June 3rd, 2010 at 9:22 pm, Comments: 0

    I have no clue why the US Dollar $DX_F is going higher, nor do I really care, it could be one of ten thousands things.  What I do know, is that I see a classically bullish technical pattern staring me in the face and I’d like to make a couple bucks from it.  I took [...]

  • It Doesn’t Look Any Better Than That
    Posted by Leigh Drogen on June 1st, 2010 at 1:26 pm, Comments: 0

    So you know that scene in Top Gun when Maverick goes back up for his first hop (training mission) after he loses Goose, when he won’t engage.  In the cockpit Maverick says, “it’s no good, it’s just no good.”  The rio yells out, “it doesn’t get to look any better than that.”  The scene skips [...]

  • Momentum Book Update
    Posted by Leigh Drogen on May 30th, 2010 at 6:50 am, Comments: 0

    Ok, just to be fair, let me play devil’s advocate a moment regarding the health of this market, even on the shortest time frame.  The market is now back above a rising, if ever so slightly, five day moving average for the first time in over three weeks.  On the 10 minute chart, we’ve got [...]

  • Momentum Book Update
    Posted by Leigh Drogen on May 15th, 2010 at 10:06 am, Comments: 0

    Wild week eh?  Before we get to the action though, I want to talk briefly about an aspect of money management on the psychological side that few experience.  The momentum strategy I run is at the end of the day a relative return strategy.  I’m not shooting for an absolute return each year of 12-15% regardless of [...]

  • Bear Flag City
    Posted by Leigh Drogen on May 10th, 2010 at 9:58 pm, Comments: 0

    And just like that 400 basis points of alpha evaporates before they can even ring the opening bell.  Here in lies the rub of going to cash during times of market volatility, but I would rather sit it out and let the market whip around wildly without me, instead of playing in a market where [...]