Sunday

TheInflationist: Weekend Summary 150209

Post a Comment February 15, 2009 – 4:25 pm |   | Permalink |  Print This Post |

Big week. Lots of trades - mainly from stop losses protecting our profits. We set our initial stop losses at 8200 when markets surged to touch a high of 8300. Then markets went a notch down (sub-8000) later in the week, where greed got the better of us and we opened a few heavy positions (it also set off our order to open at 7750; we had an order to open 7680 which was not opened as the market hit a low of 7684!). We closed our $20/point long position at 7970 (which we intended NOT to hold before the weekend); and also closed 2/3 of our 7730 & 7750 position (ie $10/point out of $15/point) at 7970. The high was 8000. Our entries and exits were picked based on Mr Magik (thank you). We also closed half of our 7980 long position at our entrypoint as planned to lighten up our position. Our remaining open positions for the coming week are listed below. We consider Discrepancy and Contango low risk, whilst our only unhedged positions are DJIA and Australia.

• Agriculture ETF long position
• $10/point DJIA
• $5/point Australia 200
• Discrepancy FTSE vs DJIA
• Contango trade

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