Day 6 - Top 6.8%

My "Winning Portfolio E" is moving like gang busters! It is now in the top 6.8% The tremendous boost by the bailout in the Citigroup added to my profits plus some very solid currency buys. I am still frustrated how I was kicked out of the Euro trade last week, my euro holdings would have been significantly stronger.

This goes back to my core philosophy about trading, there has tobe a hedge on. My losses would be a fraction of what they are if I had the choice to use options to protect my positions, possibly next year we will see options finally added.

Another mistake I keep making is actively keeping track of the various portfolios. Each one is tailoored on varying phiosophies and I have to become better at allocating my currency trades evenly among each one. This morning I discovered that I had not put on the same Euro trade my "Winning Portfolio C" and that costs me a $10-13K boost in that account. I executed the trade regardless, because the fundamentals are still there, but I am concerned about the Thanksgiving holiday.

While I am on average a trend following-swing trader I am intelligent enough to know that there are multiple factors coming into a holiday like this to consider. My long time wisdom has taught me in the futures market a long weekend typically forces the trend followers to take profits so they are not caught unaware on the following Monday, but there are two trends that I have to be conscious of:

First the overall trend of the stock market is bearish - does this mean that the shorts will be exiting the market to drive the price up or does this mean the short term bullish counter-trend buyers will leave the market in droves forcing the market down - I tend to believe the latter.

Second the over all dollar is weak, but the banks are getting large cash infusions from the federal government to stay afloat, could this portend a stronger dollar, since the weak dollar that Bush has foisted upon the American people has had little impact on improving our lives, if that is the case will the banks be buying up dollars this weekend forcing the Euro and the Canadian Dollar to lose their most recent momentum? At the same time America is banking on printing money in order to bailout the economy.

Who knows what will happen this weekend! I may have to exit my positions first thing tomorrow morning to keep the little profits I have made.