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.


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].

Screen Shot 2015-10-03 at 6.35.20 AM


After the strong close, my final PnL for the day

Screen Shot 2015-10-04 at 6.15.47 AM


There has been further weakness in the market. Quite a substantial fall in XHB. Still suffering from the lack of liquidity, but larger moves like this one registers.

Screen Shot 2015-09-29 at 5.48.21 AM


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.

Screen Shot 2015-09-24 at 6.11.43 AM


Screen Shot 2015-09-22 at 6.03.52 AM

Still trading in the established range.

The Fed seems unable to make a decision to raise rates. All they are talking about is 25 basis points. Essentially nothing, yet still they procrastinate. Therefore we are probably range bound until some catalyst breaks the deadlock.


Screen Shot 2015-09-22 at 8.01.23 AM


Screen Shot 2015-09-19 at 6.01.19 AM

After the Fed, looking ok.

Part of the issue was that some of the position had gone to maximum loss and wasn’t repricing. I’m thinking that this was mostly due to liquidity issues. I watched the market trade for a while yesterday morning, and the liquidity of XHB as compared to SPY was just stark.


Screen Shot 2015-09-17 at 6.00.47 AM

Reducing the losses.


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