I’ve been managing the XLF position as the market has moved to the upside quite significantly over the last two trading days. Probably should have executed today’s trades on Friday, but, executed them today.
I’ll update later today.
October 5, 2015
October 2, 2015
Opened a new trade in XLF. Better liquidity in this than there is in XHB. Liquidity is [in the short term] a real issue so I’m looking to see if the greater liquidity provides, or rather prevents, larger drawdowns.
The new position uses about $900 [small position].
After the strong close, my final PnL for the day
September 28, 2015
September 23, 2015
Spent some time rolling a number of positions to bank profits. The idea being, [i] protect profits [ii] try to maximise profit potential. Of course commissions play a part and over trading will increase that cost.
However, on the whole, I am reasonably pleased with the outcome. I banked almost $500 in profits, so the cash balance has risen. The open positions are now mostly in the red as the reset creates [hopefully] greater profit potential.
One issue is that XHB is nowhere near as liquid as DIA [SPY, QQQ] and this is an issue. Over the longer time frame, it will not make any difference, but right now, it is an issue.
September 21, 2015
September 18, 2015