We have new people coming on board all the time. I will start with tomorrow’s A.M. update stating current positions on the bottom. It is important to understand that we trade rarely! Our focus is to keep our active traders, Trading from the right side of the market at the big levels. Buy them before you sell them, or sell them before you buy them. Our clientele trade from both sides of the market with varying strategies and goals. ( At any given time many have opposite positions).
For Example: Some of our traders sold the currencies again this a.m. ( Euro & Aussie). Yesterday some used the mid week extreme and tgt area of 104.40 in the Aussie to go long and exited this a.m. We are a custom shop with our chief objective being risk mitigation. When we do specifically recommend a trade it is with the private wealth investor in mind, that does not actively trade.
Our methodology ( style) comes from years of proprietary trading (MY Money vs. OPM ( Other Peoples Money). We are fully aware that everybody has their own style, and there is more than one way to make money. Having said that, we always pay for our stops with partial profits and try to let winners ride to the tgt’s. We take a partial profit so as not to give back our hard earned gains, and to mitigate our risk.
We are all about TRADE LOCATION and Risk Management.
May 1st we recommended selling all long stock positions in the high yielding dividend stocks. We are currently in sell the rally mode in the stocks vs. buying the breaks in the Bonds ( SPU/BONDS)
We are long the JJG Grain ETF which we purchased just above the 200 day Mvg Avg. just under 50. 1/2 the position was exited with an average price just over 55. We have been waiting to see if we get another opportunity to buy around 52.70. With a couple of closes over 55 we will likely go to a full long allocation.
Long Term investors have added Long GLD ( GOLD) and SLV (Silver) ETF’S back into their portfolios after the May unemployment data. These are not full positions yet. We went bottom fishing for a partial position. The avg Gold buy was around 1490 ish and the Silver just over 34. These were done for very long term traders.