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Updating of stop loss orders

 

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Today, I ´ll buy:

Thermo Fisher Scientific Inc: (NYSE: TMO)

 

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DLPH paid a dividend of 0,17 dollars per stock in 3/13/2013.
64*0,17= 10,88
RWT paid a dividend of 0,28 dollars per stock in 3/13/2013.
125*0,28= 35
35+10,88 = 45,88
I added this amount to the portfolio.
 
I've updated the buy price of ERX, UPRO, and XIV.

The opening price of ERX, on 12 March, was 64,48 USD.
The opening price of UPRO, on 12 March, was 114,45 USD.
The opering price of XIV, on 13 March, was 22,75 USD.

Note: All orders are executed at the opening price, except in the case of the stop loss orders.
 
Today, I will buy more ERX and XIV, and I also will buy KRC.

 

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Buy price (Average price) of XIV = ((22,75*55)+(23*54))/(55+54) = 22,93
Start date (Average date) of XIV = March 13, 2013

Buy Price (Average price) of ERX = ((64,48*43)+(67,30*22))/(43+22)=65,43
Start Date (Average Date) of ERX =March 14, 2013
 
Updating of stop loss orders

 

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Despite the two negative trades, the first week of the portfolio was slightly positive.
 
The following stocks and ETFs reached the stop price yesterday.

Delphi Automotive Plc (DLPH),
DIREXION DAILY ENERGY BULL 3X SH (ERX),
PROSHARES ULTRAPRO S&P 500 (UPRO),
VELOCITYSHARES DAILY INVERSE VIX (XIV),
Kilroy Realty (KRC).

 

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Listed below are two closed trades:

 

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Here is a portfolio update:

 

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Things did not go well this week.
I will adjust my strategy.
I try to choose a certain strategy or another depending on how market moves, and the result obtained.

The market is still too overbought.
At some point in the future the market will come down.
However, the question remains as to when.
At this moment, I have technical indicators to point in one direction, and others to point in another direction, which means I need to be cautious.
 
You sold at your exits as you had intended, so I would say that things went as planned. The market has gone sideways for the past two weeks and the increase in volatility has triggered many of your exit stops. This doesn't mean that you have to adjust your strategy. Your trend following or momentum strategy will work when the market moves again. It's important that you are still trading when this happens or you will miss out again.

My initial impressions are that you need to get into the move earlier using break-out tactics or buy the pullbacks. Once the trade moves in your favour you will be able to ride out future sideways movement and still be in when the price moves higher. I think your entries are late and this is placing your trades under pressure as you use tight exit stops.

Trading is mainly risk management. Manage your risks well and you will be around long enough to profit from favourable conditions. One aspect of risk management is understanding the correlations of your selected markets (stocks). I've already mentioned that when the market goes down the volatility rises and the XIV will drop quickly. You have also traded multiple ETFs that are highly correlated to the market direction and hence to each other (XIV, ERX, UPRO). You will profit from all or none depending on the immediate movement of the SP500.

If the market goes down do you have any plans to trade short? Now might be the time to hold a mixture of both longs and shorts in accordance with your interpretation of the charts.
 
VIEWPOINT of Ken Fisher
 
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