We were able to book profits in the short PBG trade yesterday at $0.31 but also added new shorts in LEI and BLD. Currently we hold short positions in LEI, FXJ and BLD. We had been short MIG but stopped out today for a scratch trade. We’re always happy to take scratch trades because it means we’d been running a ‘free’ trade beforehand.
Here is the completed PBG trade:
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Trades executed today:
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And the account status:
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With the market still range bound we’re not making much in the way of solid gains, but the time will come again. Ideally we should retain a small interest yet be prepared when the new trends come along. The longer the markets consolidate the larger the coming move will be – we just need to be sure we’re on it.
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