Trading With Relentless Quest LAB
$SPX: Jesse Livermore Advices | #FinTwit, #Trades | $FB, $AAPL, $NFLX, $AMZN
The market could print five up toward the 2790 region or break down in a c wave down (Alt8link) to 2681-2655 area with .764 of the move off the 2603.8 lows at 2642 . On the micro, there are enough waves in place to consider five down off the highs (Alt7link), so below...
$SPX and $AMZN Levels to Take | #FinTwit, #Trades
SPX/AMZN Below 2713 still can the market subdivide lower in strong manner toward 2602.5 (link) and we don’t pretend to squeeze the 2590 level, knowing Joel has a target for Net$ Value at 2603. We gave the benefit of the doubt to this market at the highs, won’t give...
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
