We waited patiently, even sacrificed a few small losses, but the US markets rolled over nicely for us which in turn activated 4 new short trades in addition to our already single short in SAY. We now hold profitable short positions in BEAV, MTRX, NST, SAY, and THG. We have no idea what will transpire in the broader market over the coming weeks nor for these individual positions. We don’t attempt to predict the future, however, our role is to be a manager of the trades whilst they remain open. Some of these offer excellent risk/reward outcomes should the respective targets be met and that’s what this game is all about – finding low risk entries with high reward outcomes then allowing the markets to do their thing.
Here are the fills from last night:
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And the status of the account:
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