• Portfolio Management for September 30, 2016

    Yesterday was a difficult trading day. Since I regretted that I only had entered 1/2 a long TNA position the previous day, I bought a second 1/2 TNA long on the first pullback.

    Unfortunately, markets started to weaken and when we crossed below the low ol day (LOD) I decided to sell that second 1/2 position. Finally, I placed a stop below the former 1/2 position and while I was writing an email regarding that stop level, the market broke down, taking my position.

    I am not happy with these small trades, as I was expecting another boost of liquidity to finish the Quarter on a positive note.



    Later in the day, I detected a negative divergence between the CTick and IWM, but knowing that fresh reverse repo liquidity would be added today, I refrained from shorting.







    The trade ideas for today are below. I would be more tempted to short a bounce.



    However, I am still looking at buying ACIA for today, depending on how the market will react to the secondary pricing.