2-22-17 – Trading Strategy

2-22-17 – Trading Strategy

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Current Positions



1/23/17 – TMV (Inverse 20+ Year Treasury Bonds) @ $23.00 ($17,250 Position Size)
2/10/17 – JNUG (Junior Gold Miners) @ $11.85 ($7,700 Position Size)
2/17/17 – BRZU (Brazil) @ $48.50 ($8,536 Position Size)
2/21/17 – TSLA (Tesla) $245/$220 March 3 Vertical Put Spread @ $1.11 ($1,110 Credit)

Positions I’m opening


 

Order Cancels Order

Buy EDC (Emerging Markets) Limit @ $70.00 ($20,000 Position Size)
Buy EDC (Emerging Markets) Stop @ $71.50 ($19,500 Position Size)
when filled…
Sell EDC (Emerging Markets) Limit @ $75.00
Sell EDC (Emerging Markets) Stop Limit @ $66.00
Buy DGAZ (Inverse Natural Gas) Limit @ $6.50 ($6,500 Position Size)
Sell DGAZ (Inverse Natural Gas) Limit @ $8.00
Sell DGAZ (Inverse Natural Gas) Stop Limit @ $5.00

Positions I’m selling


Sell TMV (Inverse 20+ Year Treasury Bonds) Limit @ $24.35 18.26% or ($1,013 Profit)

Sell TMV (Inverse 20+ Year Treasury Bonds) Stop Limit @ $21.75 8.70% or ($935 Loss)

Sell JNUG (Junior Gold Miners) Limit @ $14.50 or 22.36% or ($1,721 Profit)
Sell JNUG (Junior Gold Miners) Stop Limit @ $9.50 or 19.83% or ($1,527 Loss)

Sell BRZU (Brazil) Limit @ $55.00 13.40% or ($1,146 Profit)
Sell BRZU (Brazil) Stop Limit @ $40.00 17.53% or ($1,500 Loss)

Buy to Cover TSLA (Tesla) $245/$220 March 3 Vertical Put Spread @ $.50 ($610 Profit)

Today’s Update


Market Snapshot 2-21-17

Another strong bullish day in the markets. New highs in the S&P again and optimism abound. The markets are behaving more textbook in style in that bonds and gold are the ones going down while stocks are going up.

A big surprise down in UGAZ (Natural Gas) today breaking a key support level which makes it a perfect buy for me in DGAZ (Inverse Natural Gas).

I was also filled on my TSLA spread today. Earnings are after market close tomorrow which could introduce unnecessary risk. If I’m sitting on any profits tomorrow then I’ll most likely just sell instead of holding through earnings.

Positions I’m opening


Order Cancels Order

Buy EDC (Emerging Markets) Limit @ $70.00 ($20,000 Position Size)
Buy EDC (Emerging Markets) Stop @ $71.50 ($19,500 Position Size)
when filled…
Sell EDC (Emerging Markets) Limit @ $75.00
Sell EDC (Emerging Markets) Stop Limit @ $66.00
EDC gapped above the $70 resistance level which was the exact move I was waiting for to confirm this uptrend will continue. Because this could accelerate fast, I’m putting in an OCO (Order Cancels Order) to ensure I get filled. The limit order of $70 in hopes there is an intraday drop and the $71.50 stop order to ensure I get filled if there is a new high established tomorrow.
EDC 2-21-17
Buy DGAZ (Inverse Natural Gas) Limit @ $6.50 ($6,500 Position Size)
Sell DGAZ (Inverse Natural Gas) Limit @ $8.00
Sell DGAZ (Inverse Natural Gas) Stop Limit @ $5.00
I’ve been writing about how I want to see what UGAZ did around the $20 support level. Well, wait no further, it gapped lower and BIG TIME. I wasn’t able to catch it in the morning drop, but this is a good signal that it could easily continue. I’ve seen big drops like this that simply continued, so this time I will capitalize on it.
This drop was 2x it’s daily ATR level, so I’m asking for a slight pull back in DGAZ (Inverse Natural Gas) so I can get filled.
UGAZ 2-21-17
Chart and orders for DGAZ (Inverse Natural Gas) for tomorrow
DGAZ 2-21-17

Positions I’m selling


Sell TMV (Inverse 20+ Year Treasury Bonds) Limit @ $24.35 18.26% or ($1,013 Profit)

Sell TMV (Inverse 20+ Year Treasury Bonds) Stop Limit @ $21.75 8.70% or ($935 Loss)

TMV closed near my original entry. Now I’m waiting again for the breakout move.

TMV 2-21-17

Sell JNUG (Junior Gold Miners) Limit @ $14.50 or 22.36% or ($1,721 Profit)
Sell JNUG (Junior Gold Miners) Stop Limit @ $9.50 or 19.83% or ($1,527 Loss)

JNUG is flirting with the lower trend channel and the major moving averages. Waiting to see if I need to pull out of this trade or if the trend will continue. Still nothing significant of a move to change my strategy.

JNUG 2-21-17

Sell BRZU (Brazil) Limit @ $55.00 13.40% or ($1,146 Profit)
Sell BRZU (Brazil) Stop Limit @ $40.00 17.53% or ($1,500 Loss)

Beautiful gap higher today. Keeping my same limit order to see if I can book a nice $1,100 profit. JNUG isn’t going in my favor and I’d like to book some profits to offset that potential loss.

BRZU 2-21-17

Buy to Cover TSLA (Tesla) $245/$220 March 3 Vertical Put Spread @ $.50 ($610 Profit)

Telsa announces earnings after market close tomorrow. The months now the stock has been on the rise in anticipation of decent or good news. The last 3 earnings announcements haven’t affected price too much. There was one big drop last year causing a $22 drop overnight. If I get one of those then I’ll be hurting.

However, if there is decent money to take off the table tomorrow, I may just sell out. I usually don’t like to hold through earnings, but the trend is so extremely strong here that my chances are still very good that $245 won’t be touched by March 3.

TSLA 2-21-17

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2-21-17 – Intraday Update

2-21-17 – Intraday Update

Sold TSLA March 3 $245/$220 Vertical PUT Spread @ $1.11 ($1,110 Credit)

  • Sold TSLA March 3 $245 PUT
  • Bought TSLA March 3 $220 PUT

TSLA continues higher today in it’s uptrend and I was able to get a $1.11 premium selling the March 3 contracts. The Feb 24 contracts were less so I’ve sold a bit further out.

The changes that TSLA will remain above $245 by March 3 are about 88.5%. With the existing uptrend still very strong and most markets up today, this is a fairly safe trade.

My goal is to buy back this spread @ $.50 for a $610 profit on the trade.

TSLA 2-21-17-intraday

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ETFs to Watch 2.20.17

ETFs to Watch 2.20.17

Unless you’ve been under a rock, the markets are at all time highs. The US markets are leading the way and international markets are flirting with new highs as well. This is unlike most of 2016 in which volatility and uncertainty ruled, these are the types of trends we’ve been waiting for.

Find out what is breaking out now and what to watch for in this week’s ETFs to Watch!

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