Trading With Relentless Quest LAB
$TSLA ALL TIME HIGH | DOW 30K
Indexes: SPX: We have not had parameters to aggressively reduce portfolios. Probably for this week we won't reduce them. We had the best parameters for a rally on $QQQ today. We added $QQQ calls 12/04 ... $291 strike ... @ $3.85 , Sold some for 4.6. Stocks Summary:...
Market Updates May 12 2020 | $SPX, $AMZN, $AAPL, $SHOP, $BYND, $AMD #FinTwit, #Trades
SPX The following “micro” extensions are standard and apply for SPX (MPlink): -2.618 at 2798 followed by -2.764 at 2789.7 and -3.618 at 2741.4. These extensions are “within” an abc down that has standard extension at 2759.2 (Alt10link). Upper support for the index is...
RQ Trades
For positioning purposes:
We start trades with 1% of portfolio or less; max size is 5% of portfolio per trade, excepting on Indexes, we can add up to 20% of our portfolio on the long side of the market under exceptionally clear setups.
Trades done here might take from three months to 1 year to materialize. Some might take one month or less, but expectations should be set for not expecting immediate results. That is not the style of this room. Only short term trades are done on TNA/UPRO and it’s inverse ETFs.
We are not looking for immediate results, we are looking for consistent cash flows over long periods of time, we have not conviction on any trade, we are 99% of the time neutral on our analysis. Our analysis might differ significantly from our trades, based on risk management approximations.
Finally the size of our portfolio is 4 Million plus a 65% margin. Trades are based on our capital, so for all purposes 4 Million is the base from which we calculate our exposure. 1% trade is simply a 1% trade, trades posted this way: .05 or .04% are trades under 1% exposure and must be understood as such.
Some of the Strategies
Elliott Wave and Fibonacci Time & Price Strategies
Latest Positions
What do we have in our basket ?
Core is unchanged and have added some new trades that matches our current model
OUR PERFORMANCE
We Keep Close track on our Core positions which always invested and hedged. Current Trading Positions are 8% YTD