Monthly Archives: September 2017

9-25-17 – Trading Strategy

9-25-17 – Trading Strategy

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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) @ $109.00 ($7,553 Position Size)
9/19/17 – 1500 ERY (Inverse Energy Exploration Companies) @ $11.79 ($17,685 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 @ $57.40 .70% or ($140 Profit)

Sell RUSL (Russia) Limit @ $51.00 10.99% or ($893 Profit)
Sell RUSL (Russia) Stop Limit @ $48.00 4.46% or ($363 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 ERY (Inverse Energy Exploration Companies) Limit @ $13.00 10.26% or ($1,815 Profit)
Sell ERY (Inverse Energy Exploration Companies) Stop Limit @ $11.00 6.70% or ($1,185 Loss)
  

Today’s Update


market snapshot 9-22-17

 

Markets gave up some gains to close out the week. Some investment went into Gold, Energy Exploration Companies is still pushing the limit, but if this bearishness continues on Monday, I’d expect further sell-offs and the bullish run in ERX (Energy Exploration Companies) to come to a stop.

Next week will be one to watch with the rhetoric with North Korea only escalating. Volatility rose slightly and if it continues, then that means the news is actual news to the markets. So keep a close eye on volatility.

As a result of the continued move higher in ERX I added another 500 shares around 3:30 EST into ERY. These kinds of moves higher with Natural Gas and Crude oil stalling won’t be sustainable for much longer.

Performance Update


performance 9-22-17
I’ve taken off my closed positions to get a better portfolio view. From the looks, I’m rather flat. I’m negative in Gold and energy exploration companies. I’m pushing up some stops on RUSL (Russia) and VGK (Europe) to lock in some potential gains in case I get bit in Gold and ERY. I’m confident in ERY‘s move higher as energy should reverse next week. These are historically “too far, too fast” kinds of moves and the underlying commodities (natural gas and oil) aren’t justifying the drive up in prices.

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)

Leaving this open as it still hasn’t filled. 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.

XIV 9-22-17

Positions I’m Closing

 

Sell VGK (Europe) Limit @ $60.00 5.26% or ($1,050 Profit)
Sell VGK (Europe) Stop Limit @ $57.40 .70% or ($140 Profit)

VGK continues to trend higher. It hasn’t hit $58.50 yet, but due to the recent drop in Gold, I’m locking in a stop for a profit to ensure I can offset my Gold position somewhat if I get stopped out.

VGK 9-22-17

Sell RUSL (Russia) Limit @ $51.00 10.99% or ($893 Profit)
Sell RUSL (Russia) Stop Limit @ $48.00 4.46% or ($363 Profit)

Pushing up my stop limit order from $47 to $48 to lock in a higher profit. This as well is to hedge against any further drop in my UGLD (Gold) position.

RUSL 9-22-17

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)

Slight up-tick today, but nothing significant. Hopefully my stop is low enough to accommodate this recent drop and potential recovery. If volatility spikes, and Gold rises, I may add to this position. It’s the major bearish hedge in my portfolio.

UGLD 9-22-17

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)

Price has dropped to near where I entered.

EDC 9-22-17

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)

Big moves lower the past couple of days. I have a wide stop to allow this to get volatile, but I’d like to see it make a new high then I will push up my stop to ensure some kind of profit.

SOXL 9-22-17

Sell ERY (Inverse Energy Exploration Companies) Limit @ $13.00 10.26% or ($1,815 Profit)
Sell ERY (Inverse Energy Exploration Companies) Stop Limit @ $11.00 6.70% or ($1,185 Loss)

ERX is now up TEN days in a row and is still testing a Keltner Top. This is ripe for a sharp reversal. The commodity prices that these companies track, Natural Gas and Crude Oil, are not moving like this, so this should be stalling soon.

I added another 500 shares today because I feel very strongly now about the upcoming reversal and this respecting the Keltner Top. Besides, how many more people want to jump into an ETF that is up 10 days in a row? Profit taking on Monday is my guess.

I will be actively managing this trade looking for any profitable opportunity to exit if it reverses, but doesn’t hit my $13.00 sell target.

ERX 9-22-17

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 Monday 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 9-22-17

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