Utilities

I’ve been looking at utilizing the relative strength concept I saw Maoxian use in picking ETF’s. I have a very basic system of comparing ETF’s strength against the SPY using Stockfetcher. The latest trigger I received was a long position on the 12th of June for XLU (and UTH).
I’m still away travelling but keeping […]

Extended Warranty

Should I buy an extended warranty or not?
Product: An Acer Laptop (Aspire 5562WXMi) very sweet spec and runs like a devil.
Cost: $1,470
Warranty included: 1 year Intl carry in
Extended Warranty cost: $220 ($110, or 7.5% per year)
Extended Warranty cover: Sold by Acer itself and covers year 2 and 3 carry in Intl repair. Main exclusions: physical […]

Chop

It’s been volatile, choppy and overall quite frustrating on my dot in the trading world. This month has seen the least movement in my P&L with mostly my broker making money. This morning I had one short stop out for -0.9R and I have one short position which isn’t going anywhere, not surprisingly, and I […]

RMBS, MNST, TLAB

Another frustrating day for me. Two shorts RMBS and MNST stopped me out when the market corrected just before 12 and then proceeded to go further down so that’s -2R. TLAB came within a couple of cents from getting stopped out at about the same time but eventually did OKish with +1.8R so I finished […]

Seven Swords

I’ve recently watched Seven Swords and have just watched it again. It is quite a nice wuxia type of movie. The best thing about the movie was the army of the baddies led by genereal Fire-Wind. And in particular this girl which I can’t find in any cast list so I have no idea who […]

No trades

An uneventful day, nothing interesting caught my eye so no trades. This week has been rather flat for me in terms of P&L so I’m looking forward to next week.

JOSB & FNSR

Some serious buying kicked in today which shrinked my shorts P&L. JOSB - late day entry and 2R in open profits but ended up closing at +change. FNSR - no narrow range bar so large risk and a small return of 0.3R. Is this a bottom of some sort?

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