• Portfolio Management for August 13, 2014

    Yesterday, I tried a SPXL short position when the 20DMF was showing weakness, but I had to cover the position when the MF showed that the price bounce could be real.

    Since the ATR of SPXL is 2.2%, I was afraid to hold overnight when the profit on the newly-opened trade was lower than half of the ATR. It was much safer to close the position and then reopen it the following day.

    The figures below are those that I emailed yesterday when I entered the positions.





    I took two half short positions in BBBY and SAFM, but also opened also two full long positions in GDX and VNQ.





    The portfolio is as shown below.



    The trade ideas for the day are below.