Trading With Relentless Quest LAB
“Tech Wreck” $QQQ Goes Global Dragging Worldwide Markets Lower, $AAPL Short, and $SPX and $TNA Trades Setups
Before posting our regular analysis allow me to remind you why we go long when most stay in the sidelines and why we take advantage of our analysis to add strong stocks: Our analysis is highly valuable, we measure the tape pretty well and we can project future price...
Post Earning Trades on IBM and Netflix | $NFLX, $IBM
IBM Looking at charts and we see an average of daily a good entry at 156.15 based on our trader system (Joel), that should be the confluence of the supports we see on the daily chart, Level 3 is at 158, so a spike down into this area should be "buyable". Not sure...
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
