9-21-17 – Trading Strategy

9-21-17 – Trading Strategy

Daily Premium Update – Quick Video Tutorial

Current Positions



8/8/17 – 350 VGK (Europe) @ ($19,950 Position Size)
8/31/17 – 177 RUSL (Russia) @ $45.95 ($8,133 Position Size)
9/5/17 – 937 UGLD (Gold) @ $12.66 ($11,478 Position Size)
9/13/17 – 83 EDC (Emerging Markets) @ $91.00 ($7,553 Position Size)
9/19/17 – 1000 ERY (Inverse Energy Exploration Companies) @ $12.00 ($12,000 Position Size)
9/20/17 – 70 SOXL (US Semi Conductors) @ $105.50 ($7,385 Position Size)

Positions I’m Opening


 

Order Cancels Order

Buy 100 XIV (Inverse VIX) Limit @ $90.00 ($9,000 Position Size)
Buy 100 XIV (Inverse VIX) Stop @ $95.00 ($9,500 Position Size)

Positions I’m Closing



Sell VGK (Europe) Limit @ $60.00 5.26% or ($1,050 Profit)
Sell VGK (Europe) Stop Limit @ $54.40 4.46% or ($910 Loss)

Sell RUSL (Russia) Limit @ $51.00 10.99% or ($893 Profit)
Sell RUSL (Russia) Stop Limit @ $37.00 2.29% or ($186 Profit)

Sell UGLD (Gold) Limit @ $13.50 10.20% or ($1,171 Profit)
Sell UGLD (Gold) Stop Limit @ $10.50 or 14.29% or ($1,640 Loss)

Sell EDC (Emerging Markets) Limit @ $133.00 22.02% or ($1,663 Profit)
Sell EDC (Emerging Markets) Stop Limit @ $91.00 16.51% or ($1,247 Loss)

Sell 70 SOXL (US Semi Conductors) Limit @ $126.50 20.38% or ($1,505 Profit)
Sell 70 SOXL (US Semi Conductors) Stop Limit @ $84.00 20.38% or ($1,505 Loss)

Sell 1000 ERY (Inverse Energy Exploration Companies) Limit @ $13.00 8.33% or ($1,000 Profit)
Sell 1000 ERY (Inverse Energy Exploration Companies) Stop Limit @ $11.00 8.33% or ($1,000 Loss)
  

Today’s Update


market snapshot 9-20-17

Market volatility swung wildly intraday as a result of the FOMC announcement. As a result, XIV (Inverse VIX) also whipsawed intraday and dipped to an intraday low of $89.98 which stopped me out at my lower level before recovering intraday. UGLD (Gold) took a big hit today with the announcement interest rates would start to be increased soon as well.

Sold XIV (Inverse VIX) Stop @ $90.00 12.02% or ($3,777 Profit)

A good profitable trade to take money off the table. Unfortunate it recovered immediately so I gave up a good chunk of potential profits. However I’m putting in another order to get in this week.

xiv 9-20-17

 

Performance Update


performance 9-20-17
Getting stopped out early in XIV (Inverse VIX) hurt the profits from earlier in the week, however it’s a profitable trade that’s adding to the overall return for the year which is fine by me. I was filled in two new orders, ERY (Inverse Energy Exploration Companies) which I’m going for a quick scalp profit as a result of a Kelnter Top and SOXL (US Semi Conductors) which was also filled today during the market volatility, thus kicking off a decent profit to start!

Positions I’m Opening


 

 

Order Cancels Order

Buy 100 XIV (Inverse VIX) Limit @ $90.00 ($9,000 Position Size)
Buy 100 XIV (Inverse VIX) Stop @ $95.00 ($9,500 Position Size)

XIV continues to climb as volatility stays low, but it never hurts to get a better price if we get more fluctuations like we saw today. As a result, I’m putting in an OCO (Order Cancels Order) to either fill at $90 or $95 which would be a new high. I’m putting in the same quantity for each just for simplicity. This isn’t like a stock in which I’ll have a specified stop price. I will add more to this position if there is a big drop to buy this cheaper.

Positions I’m Closing

 

Sell VGK (Europe) Limit @ $60.00 5.26% or ($1,050 Profit)
Sell VGK (Europe) Stop Limit @ $54.40 4.46% or ($910 Loss)

VGK continues to trend higher. Once it crosses $58.50 I’ll most likely move up my stop. It’s a non leveraged ETF so I don’t want to wait for any corrections once I get to a decent profit level.

VGK 9-20-17

Sell RUSL (Russia) Limit @ $51.00 10.99% or ($893 Profit)
Sell RUSL (Russia) Stop Limit @ $37.00 2.29% or ($186 Profit)

Russia experienced large intraday volatility and still teases my limit order.

RUSL 9-20-17

Sell UGLD (Gold) Limit @ $13.50 10.20% or ($1,171 Profit)
Sell UGLD (Gold) Stop Limit @ $10.50 or 14.29% or ($1,640 Loss)

The interest rate hike announcement spooked the gold bugs and gold was punished. This is still a good hedge against any equity turn down and it’s also why I have such a large stop to give this some room to move.

UGLD 9-20-17

Sell EDC (Emerging Markets) Limit @ $133.00 22.02% or ($1,663 Profit)
Sell EDC (Emerging Markets) Stop Limit @ $91.00 16.51% or ($1,247 Loss)

So far so good. The moves aren’t high enough yet to put in a stop to lock in profits, so I’m leaving my orders as-is for now.

EDC 9-20-17

Sell 70 SOXL (US Semi Conductors) Limit @ $126.50 20.38% or ($1,505 Profit)
Sell 70 SOXL (US Semi Conductors) Stop Limit @ $84.00 20.38% or ($1,505 Loss)

Beautiful drip today to fill my order at $105.50 with a recovery up to $109.08. Now to see if we will trend higher now that we’ve passed the FOMC announcement.

SOXL 9-20-17

Sell 1000 ERY (Inverse Energy Exploration Companies) Limit @ $13.00 8.33% or ($1,000 Profit)
Sell 1000 ERY (Inverse Energy Exploration Companies) Stop Limit @ $11.00 8.33% or ($1,000 Loss)

ERX has hit it’s resistance level of $28.00 today, is now up EIGHT days in a row and hit a Keltner Top. This is a perfect storm for a near term reversal.

ERX 9-20-17

Chart and orders for ERY (Inverse Energy Exploration Companies) I have a sell order in just in case it hits a profit target intraday since I can’t watch my positions all day long. However, if I come even close to that profit level tomorrow I will sell it intraday. Keltner Reversals are quick plays not to be held on for longer than 1-2 trading days. I’ll take whatever profits I can get if they come.

ERY 9-20-17

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8-23-17 – Trading Strategy

8-23-17 – Trading Strategy

Daily Premium Update – Quick Video Tutorial

Current Positions


5/11/17 – 322 JNUG (Junior Gold Miners) @ $17.62 ($5,673 Position Size)
6/21/17 – 231 DGAZ (Inverse Natural Gas) @ $27.50 ($6,352 Position Size)
7/7/17 – 139 DWT (Inverse Crude Oil) @ $36.60 ($5,087 Position Size)
8/8/17 – 231 BRZU (Brazil) @ $38.00 ($8,778 Position Size)
8/8/17 – 91 XIV (Inverse VIX) @ $93.00 ($8,463 Position Size)
8/16/17 – 100 XIV (Inverse VIX) @ $85.50 ($8,550 Position Size)
8/17/17 – 200 XIV (Inverse VIX) @ $72.00 ($14,400 Position Size)
8/8/17 – VGK (Europe) @ ($19,950 Position Size)
8/11/17 – TMF (20+ Year Treasury Bonds) @ $21.40 ($16,050 Position Size)

Positions I’m Opening


Buy 263 YINN (China) Limit @ $26.70 ($7,022 Position Size)
Sell 263 YINN (China) Limit @ $32.00 19.85% or ($1,394 Profit)
Sell 263 YINN (China) Stop Limit @ $21.00 21.35% or ($1,500 Loss)

 

Positions I’m Closing


Sell BRZU (Brazil) Limit @ $44.50 17.11% or ($1,502 Profit)
Sell BRZU (Brazil) Stop Limit @ $31.50 17.11% or ($1,502 Loss)

Sell XIV (Inverse VIX) Limit @ $100.00 17.74% or ($7,687 Profit)
Sell XIV (Inverse VIX) Stop Limit @ $76.50 17.74% or ($1,502 Loss)

Sell VGK (Europe) Limit @ $60.00 5.26% or ($1,050 Profit)
Sell VGK (Europe) Stop Limit @ $54.40 4.46% or ($910 Loss)

Sell JNUG (Junior Gold Miners) Limit @ $22.25 26.28% or ($1,490 Profit)
Sell JNUG (Junior Gold Miners) Stop Limit @ $13.00 26.22% or ($1,487 Loss)

Sell DGAZ (Inverse Natural Gas) Limit @ $35.00 27.27% or ($1,732 Profit)
Sell DGAZ (Inverse Natural Gas) Stop Limit @ $21.00 23.64% or ($1,501 Loss)

Sell DWT (Inverse Crude Oil) Stop Limit @ $45.00 22.95% or ($1,167 Profit)
Sell DWT (Inverse Crude Oil) Stop Limit @ $25.00 31.69% or ($1,612 Loss)

Sell TMF (20+ Year Treasury Bonds) Limit @ $23.50 9.81% or ($1,575 Profit)
Sell TMF (20+ Year Treasury Bonds) Stop @ $19.50 8.88% or ($1,425 Loss)
  

Today’s Update


 Market Snapshot 8-22-17
Markets are switching back to the bullish moves that got us here. Will they break new highs though? Hard to tell just yet, but what is happening is volatility is dropping and many of my bullish equity positions are flipping to profitable.
Looking at the current active positions with the recently closed profitable trade in ERY (Inverse Energy Exploration Companies) you can see I have some profitable positions that were recently in deep draw downs.
2017 has been a different year in my strategy and instead of playing for the shorter term hyper active trades, I’ve opened up my stops wider and adjusted my entry to account for the eventual directional bias I originally identified to get into many of these trades.
My ongoing portfolio strategy will be to peel off profitable trades as I get them to offset any that are in the negative. Do this enough and I’ll be fully hedged. Second, if they come back from the negative (Like my trade in DWT keeps trying to do) that will only add to the profits.
performance 8-22-17

What I’m Watching


I’m already in a good number of active positions, but there is one I’m keeping my eye on to see how it develops and it’s LABU (Biotech). It appears to have found support at $55 and is fighting a resistance level and new high at. I’m waiting to see if we get a solid break above $63 (which be ideal with the rather bullish moves we’ve seen recently) to get in.

LABU 8-22-17

Positions I’m Opening


Buy 263 YINN (China) Limit @ $26.70 ($7,022 Position Size)
Sell 263 YINN (China) Limit @ $32.00 19.85% or ($1,394 Profit)
Sell 263 YINN (China) Stop Limit @ $21.00 21.35% or ($1,500 Loss)

YINN 8-22-17

Positions I’m Closing


Sell BRZU (Brazil) Limit @ $44.50 17.11% or ($1,502 Profit)
Sell BRZU (Brazil) Stop Limit @ $31.50 17.11% or ($1,502 Loss)

Nice opening gap above the $38.00 resistance level and we are now into profitability. I can’t try and read too much into the fact that it closed lower than it opened, but it’s a great start and it’s following the trend to my profit target.

 

BRZU 8-22-17

Sell XIV (Inverse VIX) Limit @ $100.00 17.74% or ($7,687 Profit)
Sell XIV (Inverse VIX) Stop Limit @ $76.50 17.74% or ($1,502 Loss)

Huge gap higher today as volatility is collapsing. Now all 3 of my entries into XIV are sitting on a profit and any more higher will turn quickly into much higher profits. Because I’m over my normal $20,000 cap, I may end up selling off some shares by close tomorrow if we have another big move higher.

XIV 8-22-17

Sell VGK (Europe) Limit @ $60.00 5.26% or ($1,050 Profit)
Sell VGK (Europe) Stop Limit @ $54.40 4.46% or ($910 Loss)

VGK is slowly drifting higher now.

VGK 8-22-17

 

Sell JNUG (Junior Gold Miners) Limit @ $22.25 26.28% or ($1,490 Profit)
Sell JNUG (Junior Gold Miners) Stop Limit @ $13.00 26.22% or ($1,487 Loss)

Still moving sideways for the past couple of months now. Keeping it on as a hedge against any big market drops.

JNUG 8-22-17

Sell DGAZ (Inverse Natural Gas) Limit @ $35.00 27.27% or ($1,732 Profit)
Sell DGAZ (Inverse Natural Gas) Stop Limit @ $21.00 23.64% or ($1,501 Loss)

UGAZ (Natural Gas) saw a good reversal, but not enough to break the key $11.25 level.

UGAZ 8-22-17

Chart and orders in DGAZ (Inverse Natural Gas) showing it’s small recovery.

DGAZ 8-22-17


Sell DWT (Inverse Crude Oil) Stop Limit @ $45.00 22.95% or ($1,167 Profit)
Sell DWT (Inverse Crude Oil) Stop Limit @ $25.00 31.69% or ($1,612 Loss)

Still holding below $14.00 despite today’s small recovery.

UWT 8-22-17

Chart and orders for DWT (Inverse Crude Oil) today’s small move is inconclusive as to weather we will recover from this or not.

DWT 8-22-17

Sell TMF (20+ Year Treasury Bonds) Limit @ $23.50 9.81% or ($1,575 Profit)
Sell TMF (20+ Year Treasury Bonds) Stop @ $19.50 8.88% or ($1,425 Loss)

Still moving higher and is a good hedge if the market drops.

TMF 8-22-17

 

 

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