8-23-17 – Trading Strategy

8-23-17 – Trading Strategy

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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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