Trading With Relentless Quest LAB
$TNA Update
No much to say for the day. Market managed to break above 102.3 and accelerated to 105.14 in what could be considered a “b” wave top with .618 extension at 105.65, chart here (link). This 105.65 is still ideal target, with next achievable level at 107.53 and still...
$TNA December 14th, 2016 Update
Our considerations for a bottom in $TNA once 106.97 was taken was wrong, market tried but failed and retested 103.38-102.85 support area as seen here (link) and today’s action open a clear probability for a retest of 101.90 support, chart here (link) very close to...
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
