I’ve recently been very bad at keeping updated trades in the Papermoney Portfolio. Thankfully, I don’t think anyone actually follows it 
Well, I’m following some activities in my real account in Papermoney, going heavily short with Puts on the SPY. I placed a few buy GTC Limit orders this evening that should get triggered in the next few days. I’ll check on the account and update the portfolio page later next week as things should jump around enough to fill all of my orders.
The gist of the trade is this. We are going to fall a lot from here. We may not do it tomorrow, but it should happen before March of next year. I’ve entered a lot of Puts based on that theory. The latest EWT Short-Term update seems to confirm what I see in the charts, and what some of the other bloggers I follow have been saying as well.
Anyhow, we’ll see how that one pays out. Ignoring the portfolio for a while was pretty costly in terms of profits. I’m not really worried about it. There will be plenty of opportunities to make some big money here shortly. Until then, I’ll put on a few trades and grind out some profits.
