Trading With Relentless Quest LAB
$SPX, $AAPL, $NFLX, $IWM, $QQQ, For june 5th 2019 | #FinTwit, #Trades
Timing is everything At the moment most traders were looking for a breakout above 2950, we certainly had priced this level as a toxic line. Timing is everything, having a mental stop loss is always needed, and a hard stop at a critical area, will preserve capital....
$SPX, NVDA repurchase level | #FinTwit, #Trades
Market scarcely moved today The SPX has the same medium term setup off the 2798 lows, an abc up to the 1.382 retrace (Alt9link) that while below 2888.6 has probabilities for subdividing lower. At the same time since the price held the .618 retrace at 2834...
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
