Trading With Relentless Quest LAB
Market Update | December 6, 2016 | $TNA, $TF_F and $FCX trade
After hours high for $TNA was 97.33, on this clean chart here (link) and (link), you can observe the hit at the 4.236 extension that we have been tracking from the lows, and here want to extend, because for some time we have been very cautious with this market; we...
Market Update | December 5, 2016 | $TNA, $TF_F
The most relevant information from the price is that 91.76 held on $TNA as seen here (link). Should the price advance above 96.50 we can consider bottom is in. Contrary case immediate target for the market is 88.46. Since we expect action to be after hours, potential...
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
