In response to a question on ActiveValueTrader.com, I'm posting this snippet, so you can see what I'm doing in the markets today....

I'm still holding the SDS at a -14.67% loss currently, which is something I will continue to manage.  The important thing about averaging down is you don't want to keep digging a hole when you're already in a hole.  This means, don't average down for the sake of averaging down.

I don't consider my SDS position a mistake yet, especially since it's a minimal 1% weight.  Since I do not consider it a mistake, I will wait for when the opportunity presents itself, and average down at that point.

If I thought SDS was a mistake, I would have sold it for a loss, without question.

For the past few months, I've been 90% long, 1% short, and 9% cash.

I'm holding two losers, larger than SDS.  They are FSLR -21.76% (a 2% weight in my portfolio) and ISBC -24.92% (another 2% weight in my portfolio).  The ISBC was from an arbitrage play that went bad on me.  In fact, I think it's the only arbitrage play where I lost any money, and the jury is still out on whether I lose money on it or not.

I also have 2 other stocks in my portolio, which are also losing money:  AZN -2.95% and GILD -4.76%.

The winners still in my portfolio are:  BNI, BVN, CVX, ENDP, GOOG, JNJ, K, KFT, KO, KR, MBT, MCD, MOS, PEP, PG, SNN, SYK, WAG, WMT, and XOM.

Overall, my winners far outweigh the losers, especially BVN with a +165.65% gain and 10.56% weighting right now.  I will be reevaluating BVN soon, as gold is in a manic phase.  Manias can last a long time, and when the U.S.A. increases the money supply, via deficit spending, it only helps BVN, so I'm really not in a rush to look at it.

K, PG, and WMT are also heavy positions and winning.

- Vooch