Trading With Relentless Quest LAB
$TNA, Weekly update for February 6th to 10th
We assumed market was to bottom at the end of the session of Tuesday January 31st setting up to rally on Wednesday February 1st with AAPL; so far that happened and even I had not time to write the regular update due we were focusing on AAPL’s earnings I did mention...
A pragmatic view on $CMG: Cautiously Bullish Ahead of Earning
Let’s start for what is obvious, there is nothing impressive on CMG’s chart, as we can see here (link) three waves up; that we labeled as ABC, if we measure the move from our 1% extension we see the price moved approximately 20% above the ideal target at 632.32...
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
