Monthly Archives: July 2017

7-6-17 – Trading Strategy

7-6-17 – Trading Strategy

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Current Positions


4/3/17 – 870 PIN (India) @ $22.90 ($20,000 Position Size)
5/11/17 – 322 JNUG (Junior Gold Miners) @ $17.62 ($5,673 Position Size)
5/25/17 – 375 SPXL (S&P 500) @ $33.50 ($12,562 Position Size)
6/1/17 – 349 YINN (China) @ $22.75 ($7,936 Position Size)
6/10/17 – 91 XIV (Inverse VIX) @ $82.38 ($7,496 Position Size)
6/16/17 – 273 RUSS (Inverse Russia) Limit @ $39.00 ($10,647 Position Size)
6/21/17 – 231 DGAZ (Inverse Natural Gas) @ $27.50 ($6,352 Position Size)
6/21/17 – 450 TMF (20+ Year Treasury Bonds) @ $22.63 ($10,183 Position Size)
6/23/17 – 1550 LABD (Inverse Biotech) @ $6.50 ($10,000 Position Size)

Positions I’m Opening


Order Cancels Order
Buy 131 LABU (Biotech) Limit @ $66.50

Buy 107 LABU (Biotech) Stop @ $69.00

when filled…

Sell LABU (Biotech) Limit @ $84.00
Sell LABU (Biotech) Stop Limit @ $55.00

Positions I’m Closing


 

Sell PIN (India) Limit @ $27.00 17.44% or ($3,501 Profit)
Sell PIN (India) Stop Limit @ $21.50 6.48% or ($1,301 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 YINN (China) Limit @ $27.00 18.68% or ($1,483 Profit)
Sell YINN (China) Stop Limit @ $18.45 18.90% or ($1,500 Loss)

Sell SPXL (S&P 500) Limit @ $37.50 ($1,500 Profit)
Sell SPXL (S&P 500) Stop Limit @ $29.50 ($1,500 Loss)

Sell XIV (Inverse VIX) Limit @ $98.50 19.57% or ($1,466 Profit)
Sell XIV (Inverse VIX) Stop Limit @ $65.50 20.49% or ($1,535 Loss)

Sell RUSS (Inverse Russia) Limit @ $44.50  for a 14.10% or ($1,500 Profit)
Sell RUSS (Inverse Russia) Stop Limit @ $33.50 for a 14.10 or ($1,500 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 TMF (20+ Year Treasury Bonds) Limit @ $24.00 6.05% or ($616 Profit)
Sell TMF (20+ Year Treasury Bonds) Stop @ $20.30 10.30% or ($1,048 Loss)

Today’s Update


Market Snapshot 7-5-17

 

 After the holiday weekend, now we’re seeing markets sway back and forth. I only have one new position that I can see continuing the trend, while the rest of my positions are still taking shape as we see if the directional bias will continue.

Positions I’m Opening


Order Cancels Order

Buy 131 LABU (Biotech) Limit @ $66.50
Buy 107 LABU (Biotech) Stop @ $69.00

when filled…

Sell LABU (Biotech) Limit @ $84.00
Sell LABU (Biotech) Stop Limit @ $55.00

I missed out on the first move when LABU broke it’s resistance level on a new high, but it did correct and has turned up from the 20-day EMA in purple. PPO has also turned higher so I like this as a continuance trade. To ensure I get filled this time I’m putting in an OCO (Order Cancels Order). The long term trend is still up and my stop is at a level which would require a full correction of this move to get stopped out.

LABU 7-5-17

Positions I’m Closing


 

Sell PIN (India) Limit @ $27.00 17.44% or ($3,501 Profit)
Sell PIN (India) Stop Limit @ $21.50 6.48% or ($1,301 Loss)

Long term trade still in development.

PIN 7-5-17

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)

JNUG has been pretty much in a sideways consolidation for weeks. My only chance to sell was two weeks ago as it missed my profit target by pennies, but now I have to wait and hold it as a hedge against a market down turn since I’m loaded up on other bullish positions in equities.

JNUG 7-5-17

 

Sell YINN (China) Limit @ $27.00 18.68% or ($1,483 Profit)
Sell YINN (China) Stop Limit @ $18.45 18.90% or ($1,500 Loss)

Price movement still continues to linger. The overall trend is still higher, so I will wait.

YINN 7-5-17

Sell SPXL (S&P 500) Limit @ $37.50 ($1,500 Profit)
Sell SPXL (S&P 500) Stop Limit @ $29.50 ($1,500 Loss)

Many markets are  in a holding pattern and the US market is one of them, still holding onto some paper profits, but waiting for the major trend to continue higher.

SPXL 7-5-17

Sell XIV (Inverse VIX) Limit @ $98.50 19.57% or ($1,466 Profit)
Sell XIV (Inverse VIX) Stop Limit @ $65.50 20.49% or ($1,535 Loss)

Even XIV is sitting idle with small bursts of volatility this last week. This may be a sign of an impending volatility spike, but since it’s impossible to time these things, I’ll let time work in my favor.

XIV 7-5-17

Sell RUSS (Inverse Russia) Limit @ $44.50  for a 14.10% or ($1,500 Profit)
Sell RUSS (Inverse Russia) Stop Limit @ $33.50 for a 14.10 or ($1,500 Loss)

RUSL is now testing it’s upper downward trend channel, and today there was a big drop in Oil prices which could really help my position. All I need is a follow through day to see this through recovery.

RUSL 7-5-17

Chart and orders for RUSS (Inverse Russia)

Optimistic that the drop in Oil will be the catalyst to my position to bring this back to profitability.

RUSS 7-5-17

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)

My patience has paid off, today was another big drop in UGAZ (Natural Gas) bringing it back from the $13.50 support level and right back into it’s existing trend line. Even better was the huge volume associated with this drop which is exactly what I like to see!

UGAZ 7-5-17

Chart and orders for DGAZ (Inverse Natural Gas) for tomorrow

Today’s move could easily provide enough momentum to hit my profit target.

DGAZ 7-5-17


Sell TMF (20+ Year Treasury Bonds) Limit @ $24.00 6.05% or ($616 Profit)
Sell TMF (20+ Year Treasury Bonds) Stop @ $20.30 10.30% or ($1,048 Loss)

TMF has taken a beating day after day after I entered, and now my stop level is very close to getting tested. This is unfortunate, especially on the same day I entered the trade it completely reversed. However in anticipation of volatile moves, I’ve set a wide stop, so now to see if we can pull up from these many technical levels. Price is resting on the 50-day EMA in Yellow and the lower upper trend channel. The trend long term is up, so it would have to fall outside the trend channel and moving average to get stopped out.

TMF 7-5-17

 

 

 

 

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