Monthly Archives: May 2018

5-7-18 – Trading Strategy

5-7-18 – Trading Strategy

Current Positions



2/5/18 – 468 TMV (Inverse 20+ Year Treasury Bonds) @ $21.03 ($9,842 Position Size)
2/12/18 – 400 ERY (Inverse Energy Explorer) @ $10.61 ($4,244 Position Size)
2/20/18 136 YINN (China) @ $37.43 ($5,090 Position Size)
3/29/18 – 91 LABD (Inverse Biotech) @ $38.00 ($3,458 Position Size)
4/19/18 – 166 RUSL (Russia) @ $44.00 ($7,304 Position Size) 

 

Positions I’m Opening


  • Still no new orders, markets are directionless, trending for small distances downward and recovering. For swing traders, one can easily fall victim to over trading in choppy directionless markets. I am opting to hold until more solid trading opportunities arise.

Positions I’m Closing


Sell TMV (Inverse 20+ Year Treasury Bonds) Limit @ $24.00 14.12% or ($1,390 Profit)
Sell TMV (Inverse 20+ Year Treasury Bonds) Stop Limit @ $17.80 15.36% or ($1,512 Loss)

Sell ERY (Inverse Energy Exploration Companies) Limit @ $15.00 41.38% or ($1,756 Profit)
Sell ERY (Inverse Energy Exploration Companies) Stop Limit @ $7.00 34.2% or ($1,444 Loss) 

Sell YINN (China) Limit @ $54.00 44.27% or ($2,253 Profit)
Sell YINN (China) Stop Limit @ $29.00 22.52% or ($1,146 Loss)

Sell LABD (Inverse Biotech) Limit @ $44.50  17.11% or ($592 Profit)
Sell LABD (Inverse Biotech) Stop Limit @ $28.00 26.32 or ($910 Loss)
Sell RUSL (Russia) Limit @ $60.00 36.36% or ($2,656 Profit)
Sell RUSL (Russia) Stop Limit @ $35.00 20.45% or ($1,494 Loss)

Today’s Update


Markets continue to drift sideways with a slight downward bias in many markets. There isn’t much to work with in trends right now as everything that develops is short term at best. Still waiting for some solid breakout moves.

 

Current Performance


Performance continues to hold lower but not enough to close out my positions. There isn’t anything new to take advantage of to offset this so now is the toughest part as a trader, holding patient.

Positions I’m Closing


Sell TMV (Inverse 20+ Year Treasury Bonds) Limit @ $24.00 14.12% or ($1,390 Profit)
Sell TMV (Inverse 20+ Year Treasury Bonds) Stop Limit @ $17.80 15.36% or ($1,512 Loss)

TMF has pulled back slightly but the longer term downward trend is still in effect.

Chart and orders for TMV (Inverse 20+ Year Treasury Bonds) 

TMV has broken above my entry level a couple of times, but I may have to take the next profitable move if I want to pull any profits out of this trade. Everything has just shrunk to little movements.

 

Sell ERY (Inverse Energy Exploration Companies) Limit @ $15.00 41.38% or ($1,756 Profit)
Sell ERY (Inverse Energy Exploration Companies) Stop Limit @ $7.00 34.2% or ($1,444 Loss)

ERX is still consolidating sideways after a strong recovery. Just waiting to see if the $36 level will hold or we will see a second leg higher. This recent move hasn’t recouped the large move that started this so I’m still bias to the downside.

Chart and Orders for ERY (Inverse Energy Exploration Companies) stuck in a holding pattern right now.

Sell YINN (China) Limit @ $54.00 44.27% or ($2,253 Profit)
Sell YINN (China) Stop Limit @ $29.00 22.52% or ($1,146 Loss)

China continues to drift lower, but there is obviously strong support from letting this go too far since we’re seeing strong support at the $30 level. Hoping my $29.00 continues to hold.

 

Sell LABD (Inverse Biotech) Limit @ $44.50  17.11% or ($592 Profit)
Sell LABD (Inverse Biotech) Stop Limit @ $28.00 26.32 or ($910 Loss)

LABU (Biotech) continues to follow it’s downtrend and it needs to break below $66 to really confirm this longer term.

Chart and orders for LABD (Inverse Biotech) LABD is about to become profitable again and will hopefully hit my profit target this time.

Sell RUSL (Russia) Limit @ $60.00 36.36% or ($2,656 Profit)
Sell RUSL (Russia) Stop Limit @ $35.00 20.45% or ($1,494 Loss)

Price is nearing my entry and could turn profitable soon. This will be highly dependent on Oil prices going higher.

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