Monday  11/14/2011
Daily Positions Report and Analysis

DBA (Agriculture Fund)
Current position - LONG 10/14/11 @31.11 IV. 1.58
Today’s status – DBA -.19 TO 29.85
Stop set @ 29.04
Contingent order – go short @29.04 IV.  1.41

DDM (Dow 30 Index)
Current position -  LONG 10/10/11 @ 51.50 IV. 7.85
Today’s status – DDM -.73 TO 58.66
Stop set @ 53.40
Contingent order – go short @53.40 IV. 2.90

DIG (Oil and Gas)
Current position – LONG 10/12/11 @38.48 IV. 10.43
Today’s status – DIG -1.12 TO 46.01
Stop set @ 37.75
Contingent order – go short @ 37.75 IV. 3.98

SLV (Precious Metals)
Current position LONG 10/27/11 @33.86 IV. 3.03
Today’s status – SLV -.41 TO 33.33
Stop set @ 29.56
Contingent order – go short @ 29.56 IV. 2.72

TLT (20 Year Treasury)
Current position SHORT 10 12/11 @ 113.69 IV. 11.30
Today’s status – TLT +1.86 TO 117.51
Stop set @ 127.87
Contingent order – go long 127.87 IV. 9.91

UUP (US Dollar)
Current position LONG 11/09/11 @21.95 IV. .88
Today’s status – UUP +.15 TO 21.84
Stop set @ 20.86
Contingent order – go short @ 20.86 IV. .77

Position Size Formula

Account size 10,000   risk 1%   =    100.00 per trade
100.00 ÷  IV.   =   number of shares
(Example) buy DBA @ 32.74 IV. 1.39   100.00(1% risk) ÷ 1.39(Implied  volatility) = 72 shares at a cost of  2,357.00

If you are new to Trade Like Mike, we suggest that you go ahead and take all six positions at 1% risk as these trends may persist for some time. There’s never a perfect time to get in.