February’s been a bit of a disappointment so far, ovah heah.  The latest iteration (exactly 1 month old now) of my “directional system” finds itself down a percent and a half MTD..and even more if we look at net instead of the booked value.

Having booked only half as many winners (5) as losers (10) for the month, I’m at a point where I have to actively keep reminding myself to “keep calm” and stick with the system.  Afterall, it’s the same system that helped me recover from a 3%+ hole in January (even though it went long at the most recent “top”) and thus, despite a half-month’s worth of losers here in February, is still a winning system :

Biggest Win:  (#1) BIDU Mar’10 470. calls (Jan.14 -> Jan.14; 64.36%)
Biggest Loss:  (#21) WAG Apr’10 37. calls (Jan.21 -> Feb.4; -70.35%)
37 trades, 16 calls (12 winners), 21 puts (14 winners)

So onwards I go with a bearish bias that stems from the SPY 20-day sma being below the 50-day and the 5-day residing under both of those.  Until the 5-day manages to cross back over the 20-day, I will continue with this, so far fruitless, outlook.

That being said, I didn’t buy any new puts today; nor did I sell any.  While mostly I’m just biding my time until either I flip back over to bullish or we get a 2-3 day selloff, I do plan on trying to get lucky with AMZN (@114.), BRK.B (@73.89), GMCR (@80.80).

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Cautious note for longs:  We’ve had 5 straight “red” days on the $VIX.  We did have 6 in-a-row in November and a whopping 10 in-a-row in October, but other than those 2, the likelyhood of an “up” day and thus a probable (short-term) drop in the markets is “nigh.”

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Latest sign of The Apocalypse:  The NAAFA, that is the National Association to Advance Fat Acceptance.  ROFL; “we come in all sizes.”

ARE WE FUCKING SERIOUS!?  What’s next, affirmative fat-action?  Stop eating McD’s at every meal and get your fucking asses to gym, lazy slobs!!!