Monthly Archives: September 2017

9-26-17 – Trading Strategy

9-26-17 – Trading Strategy

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Current Positions



8/8/17 – 350 VGK (Europe) @ ($19,950 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)
9/25/17 – 3000 ERY (Inverse Energy Exploration Companies) @ $11.01 ($33,030 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)

Order Cancels Order

Buy 833 TMF (20+ Year Treasury Bonds) Limit @ $19.50 (17,095 Position Size)
Buy 612 TMF (20+ Year Treasury Bonds) Stop @ $22.15 (13,555 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 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 @ $12.00 8.99% or ($2,970 Profit)

  

Today’s Update


market snapshot 9-25-17

 

Sold RUSL (Russia) Limit @ $51.00 10.99% or ($893 Profit)

RUSL 9-25-17

Sold ERY (Inverse Energy Exploration Companies) Stop Limit @ $11.00 6.70% or ($1,185 Loss)

ERY dropped near the end of trading to my limit order and closed out. However I noticed this and decided to buy in again at 3,000 shares. This is a level of extreme I haven’t seen before and I should be able to recover most or all of this on the next pullback.

ERY 9-25-17

Performance Update


performance 9-25-17
RUSL (Russia) moved higher today and closed for a profit thus offsetting most of the loss I closed in ERY (Inverse Energy Exploration Companies). I believe my second trade in ERY should work out as I’m not putting a stop limit and I can hold out on any stock that’s been up in a Keltner Top for 11 days in a row. UGLD (Gold) made a nice recovery while EDC, VGK, and SOXL all declined today. Looking to add in TMF (20+ Year Treasury Bonds) which should balance the portfolio a bit in case further bearish moves continue.

What I’m Watching


UWT (Crude Oil) – Broke it’s key resistance level today. Now that I’m out of RUSL (Russia) I will see how this performs tomorrow and take a possible trade.

UWT 9-25-17

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 came within 4 cents of filling today. I’ve put in an OCO (Order Cancels Order) to either fill at $90 or $95 which would be a new high.

XIV 9-25-17

Order Cancels Order

Buy 833 TMF (20+ Year Treasury Bonds) Limit @ $19.50 (17,095 Position Size)
Buy 612 TMF (20+ Year Treasury Bonds) Stop @ $22.15 (13,555 Position Size)

I’ve adjusted the trend channels to accommodate what appears to be an accurate correction. We have a clear bounce off the 100-day EMA in Orange and price is now back above all the major moving averages. With the strong declines from last week and today in the equities market, this is a natural safe haven for those that are fearing equities. I am putting in an OCO (Order Cancel Order) to ensure some kind of fill and to balance my portfolio out with potential bearish trades that will benefit if equities decline.TMF 9-25-17
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 9-25-17

 

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)

Gold had a big push today and could easily continue higher if equities continue to fall. If we see a follow through day tomorrow I will push up my stop to lock in a smaller loss so I don’t have to offset a potential loss in this trade with as much.

UGLD 9-25-17

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)

Not looking good with these multiple down days in a row. We’re now testing the lower trend channel. I may well pull out early if this breaks out of the channel since there is a larger move across most equities going on. Going to watch closely this week.

EDC 9-25-17

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 move lower today below my original entry. Wide stop and profit targets and I have a feeling this one may go on.

SOXL 9-25-17

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 11 days in a row and is still testing a Keltner Top. This is ripe for a sharp reversal.

I haven’t seen moves like this in a long time, so I’m confident I’ll eventually close this out profitable despite today’s stop. I re-entered and bought 3,000 shares of ERY at $11.01 as a result. This should correct sharply.

 

ERX 9-25-17

Chart and orders for ERY (Inverse Energy Exploration Companies) 

I’ve put in a $12.00 order, I thought about leaving it to $13, but if it goes to $12 tomorrow I’ll make money despite today’s losing trade. I may also trail a stop if we get a big move as this could easily be a multi-day correction in this unique scenario.

ERY 9-25-17-2

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