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 Energy trade 2.
Buying 300 barrels of US Crude June 2016
Margin impact : 1193 USD (11,9%)
is leaving overbought territory
is turning up to cross over
Price is bouncing from 100
It seems we will get the 2nd scenario:
printing the DCL at the 50 EMA and bouncing from there to new highs.
Next week will give us the answer.
Buying 200 barrels of US Crude June 2016
We should bounce now quite fast above the 200 EMA.
I think we pulled the trigger the 2nd time at the exact bottom yesterday...
Time for oill stocks to run soon.
Adding 100 ERX to the position.
(Direxion Daily Energy Bull 3x)
200 US Crude June (36.8)
300 US Crude June (39.8)
100 ERX (22.46)
Total Margin Impact : 30,9%
I will continue adding ERX today up to 50% margin impact.
The position will be in strong plus.
In my own portfolio I will add various oil related stocks what I posted. I think they will start to run soon. (LGCY,OAS,CLF,VALE,SXE,HK, and maybe REXX )
REXX is not looking so good but the others what I posted 2 days ago (Oil stock tarde 1-2-3-4-5...) will be big runners in the following 5 weeks.
We will have only green candles today.
The portfolio is in 1270 $ plus (12.7%) as of today's close.
I'm not touching the energy trade.
How many times were you watching as a bad trade destroying your portfoilio?
Is it familiar ? YOu were sitting and hoping that price is gturning up and going into the good direction.
WE ARE IN THE GOOD DIRECTION NOW - while most of the traders are shorting oil or sitting on the sidelines.
So now we have to hope that the price is going up and make us a very nice profit.
Let the position work.
I will add this to the energy trade. We have money to risk.
Buying 1000 ARP at 0.80.
Price : 40.56$
This is the last add in this in this daily cycle.
And at the same time I'm opening 100 ERX positions at 27.93$.
I have only ERX in the Energy Trade
Profit calculation for the closed positions:
300 barrel long: 39.81$ ----} 49$
200 barrel long 36,8$ ----} 45,95$
100 barrel long 40,56$ ---} 48,7$
100 ERX long 22,46$ ----} 30,55$
So I will move 10.000$ starting capital+10.371$ profit and the opened positions.
Positions still opened ( I will move these also):
100 ERX long 24,17$
100 ERX long 27,76$
100 ERX long 27,93$
50 ERX long 28,22$
1000 ARP long 0,8$
Talking seriously, raising rates today would cause a great mess everywhere. Doesn´t look like Yellen style at all. If they hike, that will be in June and completely controlled and announced. So, everybody will have time to make the last bull run based on buybacks and re-planificate the investment strategy