Trading With Relentless Quest LAB
$SPX: Probabilities to see 3033 on $SPX are limited, but remain probable above 276 $SPY and 169.86 $QQQ | #FinTwit, #Trades
$QQQ: Nasdaq's Ratio-Adjusted McClellan Oscillator was at -95 on Thursday, October 12th. In the last 20 years (>5000 trading days), there have only been 8 readings lower than that. $VIX: Spot VIX Index on Friday was still above all of its futures contracts, which...
October 2018, Line in the Sand $SPX 2738 with 3009 Target | $NQ_F, $NDX, $QQQ, $SPY | #FinTwit, #Trades
NDX dipped below 7162 and QQQ dipped below 174.05. These lines were the last secure lines we could have expected to provide standard support (Alt1link) for the technological sector. Additionally SPX lost 2809 with strength (Alt1link). For the close after hours market...
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
