Wednesday, February 29, 2012

Bought HSD.TO & VXX.TO

My first trades of the year for 2012! Just got back from 6 weeks in Java and Bali. Anyways, top picking is always a dangerous thing but the risk reward is pretty good, so I thought I'd take a stab. Bought 700 shares @ 7.34 of HSD.TO which is the 2x inverse (short) of the SP500. Stop is low of the day or high of the day on the SP.

I also took 100 shares @ 24.20 of the VIX. The SP made a higher high but the VIX did not make a lower low which creates divergence.