I will post the update in the "update status" section of the portfolio post.
Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Stock trade 2.
This is the last portfolio I'm launching. But I think this will make a monster rally in the following few months.
LABU - Direxion Daily S&P Biotech 3X Shares
Buying 100 LABU in the open
Margin impact : 2888 $ (28,8%)
Most of the S&P components will be testing the prevoius highs this week or the next. Biotech was forgotten somehow.
Actually not everybody forgot it because smartmoney was building position in this rounded base in the last weeks.
Yesterday we had a record . Something is happening in this sector...
The stock trade is in + 3% now.
The portfoilio is in 8,5% now.
I'm going to add at the next pullback if there will be any...
Buying 50 LABU at 30.30.
This trade is still active I'm waiting for the breakout.
As soon as stocks bottom - I hope that tomorrow - LABU will rally as well.
Someone is accumulating...
Soon we will be ready to run here.
I feel the NFP data will be week and we will open a GAP down. If not I will be riding the trend with the rest of the position
Sell 125 LABU at 39.50$
125 LABU position at US market open today.
This is the day when we have to enter.
Buying 100 LABU at 29.49$.
I will be adding on my personal account at 25$. Here we are at 100%.
That would heve been to easy...
Total position: 250 LABU
Should have sold more....
While S&P is running to new highs LABU couldn't make new high.
Big gains on this trade time to lock it in.
We will enter later again.
It seems the correction might be over.
So I'm starting load the trucks by LABU. Will start the stock trade 2.
But I want those people who want to enter now.
I'M planning to buy 300 LABU.
So today I will buy the 33% of the planned position : 100 LABU