I am starting a thread as my trade journal to explain my medium to long term investment. The following lists my positions up to Friday (yesterday):
Long Term - Big troop dolloar amount allocation: TLT 25% EEM 25% cash 50%
Medium Term - Small troop stock holding: TNA and FAS
If you have any question about short term trading or FX/Futures trading, please PM.
Note - The price action last week showed a very weak stock market. It is so weak that the market could go to crash soon. I will liquidate my stock holding if the market ever falls below the starting point of last up waves - the low of 04/23/2012.
About the ETFs that I select for my trading, please see:
ReplyDeletehttp://perfectew.blogspot.com/2012/05/trading-etfs.html
If the market is staying at this area before close, I will liquidate my FAS from my small troop stock holding.
ReplyDeleteI have sold FAS (which was bot at opening last Friday) at market close with virtually no loss. Here is my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dolloar amount allocation: TLT 25% EEM 25% cash 50% (unchanged)
Medium Term - Small troop stock holding: TNA
TLT is the parking lot for cash when there is no better place the cash can go. I guess that it could go up to 140.
ReplyDeleteEEM falled below 04/23/2012's low, so I liquidated my EEM. I also bot EDZ just now by using the fund in my small troop.
ReplyDeleteTNA fell below 04/23/2012's low, so I liquidated my TNA.
ReplyDeleteThe selling of TNA (bot on 05/02/2012 at around $57) today realized a total loss about 8% of the stock price. The selling of EEM (bot on 05/02/2012) today realized a total loss about 4% of the stock price, and it is equivalent to the loss of 1% of the total fund in my big troop (4%x25%=1%)
ReplyDeleteHere is my portfolio as of today's close:
Long Term - Big troop dolloar amount allocation: TLT 25% cash 75%
Medium Term - Small troop stock holding: EDZ
I bot FAZ just now by using the fund in my small troop.
ReplyDeleteIf TZA can pull back to the gap formed on 05/03-05/04, I will buy some.
ReplyDeleteIf TLT stays at around the current price before the market closes, I will buy more TLT with the fund in the big troop.
ReplyDeleteI bot more TLT at MOC (market close). Here is my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dolloar amount allocation: TLT 35% cash 65%
Medium Term - Small troop stock holding: EDZ, FAZ
I will buy more TLT at MOC (market close).
ReplyDeleteI bot more TLT at MOC (market close). Here is my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dolloar amount allocation: TLT 50% cash 50%
Medium Term - Small troop stock holding: EDZ, FAZ
No trade today for my long and medium term accounts. Here is my portfolio as of today's close:
ReplyDeleteLong Term - Big troop dolloar amount allocation: TLT 50% cash 50%
Medium Term - Small troop stock holding: EDZ, FAZ
So far so good! :) If my wave count is correct, next Monday the market should gap down to start wave 3. Have a good weekend!