Global Macro Trading Journal

Yesterday was wild, made Brexit look like a slow turnaround.

Need to thank JJ90 here, your input plus some margin considerations and them not looking good recently had me close all US bond positions before the elections, saved me a bunch so far. Still considering adding new bond positions in the next couple of weeks, but not decided yet.

Daal what do you think about Russian stocks, with Trump in power they appear even more promising than before the elections ?
Any idea on individual russian stocks which are more promising than the RSX and ERUS Etfs ?
 
luisHK said:
Yesterday was wild, made Brexit look like a slow turnaround.

Need to thank JJ90 here, your input plus some margin considerations and them not looking good recently had me close all US bond positions before the elections, saved me a bunch so far. Still considering adding new bond positions in the next couple of weeks, but not decided yet.

Daal what do you think about Russian stocks, with Trump in power they appear even more promising than before the elections ?
Any idea on individual russian stocks which are more promising than the RSX and ERUS Etfs ?
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I like the idea. But if I were to venture into markets I know little about, I would certaintly use an ETF or index. Stock picking is already hard, in unknown markets it will be even harder.
I'm not looking around to buy these because I already got my EM plate full with Brazil risk
I would also consider using a stop, be it either a 200MA type stop or some kind of technical area. Again, its because I dont know much about the market, I wont be willing to fight it very much. I prefer to reduce risk due ignorance
 
I'm using this GLD and gold stocks multi week bounce to sell a bit to a point where I wouldnt mind a drop. Buying some staying power in case Trump+Fed send it lower
 
Took down exposure from 10% in GLD and gold stocks to 6.5%. Will go back to original exposure when things look more bullish. Its looking like Trump will be negative for gold due a rise in optimism for growth. That might fuel more rate hikes as well increase the cost of holding gold (since you can now earn 2% in the 10y). With the Fed and Trump holding it down, it will be too much of a hurdle near tearm. So I rather sell now, than to wait for a panic later
But I still want to own some for the "all-wheather" effect it has on a portfolio
 
EWZ, decent correction. Although, this is not truly a correction because its mostly due the currency. The index is not down that much. But I started to add some
 
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