Well, this is the time of year when I usually just take it easy. Park my money into some strong trending stocks, drink and toast my self for being able to find these stocks and watch as my gains pile up.
Instead for this year, that tradition was broken up. I'm in for a tough fight, many small paper cuts (aka stop losses) and I've been bitch slapped by this market so much that I cannot tell if it's up or down. I've been keeping my position size small and stops wider. How else can you fight a freight train that goes forward and back so many times?
I've let go of all my long positions last week and picked up some inverse etf SKF SRS FXP EEV and PUT option contracts on the shippers (DRYS DSX).
I'm not looking to initiate heavy long positions but if opportunity arises, I might take on some daily swing trades ( 5-10 days ).