We’ve been square in US over the last week or so but have had 1 sell setup, Gold Fields (GFI), waiting in the wings to trigger. With both US equities and Gold plunging we initiated the position last night to then see the stock swan dive over 18%.
We’re going to wear some pain on open profits on the ASX side of the ledger today but the US side remains firmly in profit. The account is now +13.8% in 8-weeks basis 0.5% risk per trade. In old school 2% speak that’s over 55% ; not bad in 2-months if you were willing to step up to the plate in this environment.
Here is the brokers fill for GFI:
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And the account statements as at close:
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