Trading With Relentless Quest LAB
Trading $NFLX to the Next Level – $NUGT, $SHAK, $TNA updates
NUGT A perfect fibonacci pinball on NUGT should have a standard retrace to 9.39; then one more high to 10.92 in the 5th wave of the 5 of 1, a chart of the ideal scenario is here (link). Assuming we want to play that last squiggle higher, the position should be small,...
SHAK Trade Update and notes on $TNA, $NUGT
Supports for TNA should be 105.58 and 104.98 as seen on this chart, (link) but ideally, should continue to our targets at 108.88 and 109.27 where we plan to sell 50% of our remaining position, after that we will only hold a core composed of 680 shares that were...
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
