We covered two shorts today, AAX and GCL after they initially stalled on the pattern breakout. If a stock wants to breakout, it needs to do it immediately. We do not want to be hanging around in this volatile environment hoping for a positive outcome. It either does, or it doesn’t. If it doesn’t we’re not interested. We now only have a solitary short trade with STO although a few other patterns and signals have developed.
On the intermediate term strategies the Growth Portfolio has also offered a BUY signal for the first time since it’s reactivation. Because of the longer term nature of those trades (average hold time of 10-months) we’ll not be posting the specific positions here but they will be available for subscribers as usual.
Trades executed today:
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Our CFD account as at todays close:
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Nothing to write home about but we’re ahead of the game in what could be deemed a very difficult period of time. I’ve stated numerous times before that patience and tenacity are required traits for trading success. The good and bad trades and market conditions need to be taken together. I’m confident that some better times will come along.
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