Currently, I am long term bear and short term bull. But to play safe, I will do both long and short trades. Long the stronger ones and short the weaker stocks. Compared to Jul 11, I have traded much less stocks in Aug 11. This is due to the high volatility in the market. Higher volatility tends to make my stop loss bigger which I do not like. So I prefer to do nothing and rather give up opportunities as the potential loss is greater.
Open trades
Hershey – Bought $56.86, now $58.65 (3.1%)
Closed trades
Galaxy Entertainment – Bought $17.85, sold $20.55 (+15.1%)
Esprit Holdings – Sold $23.65, bought $20.56 (+13.1%)
Wynn Macau – Bought $25.51, sold $24.00 (-5.9%)
Zhejiang Expressway – Sold $4.91, Bought $5.10 (-3.9%)
Tempur-Pedic – Bought $67.86, sold $65.33 (-3.7%)
Dominion Res – Bought $48.72, sold $47.86 (-1.8%)...