Verisimi

Market update: The SPX dropped almost 44 pts (almost 3%) by the day's end. Up only 2.54% YTD.

Fund vs. SPX : (6+4) vs. 2.54 %

That was one well timed moving to cash...
 
Quote from Pekelo:

...
From now on EVERY position long or short will have an automatic 5 pts stop loss, unless otherwise noted...
More...

Quote from Pekelo:

Long from 1458.... (no stop loss on this one)
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What is the reasoning for abandonment vs modification?

Osorico
 
Well, lately we have had such a huge gaps AH, that I figured a 5 pts SL most likely would get hit. Also, at this point I have a more then statisfying lead over the market, so I thought even if we go down, I can afford it.

On the other hand, why go down? So SL is at 1450... :)

I didn't like the way the day ended, there is a good chance I will get stopped out overnight, currently at 1454...
 
Market update: the SPX dropped 1.8% today, but I only dropped 8+5, a bit under 1 %. I tried to lock in the gain over the market but was early and got stopped out...

So the standing is currently: I am up 85.5-8-5= 72.5 or about 5.1% from trading, the market is up only 0.8 % YTD....

Overall the fund has an 8% lead over the market...
 
Long from 1417... no SL on this one....

P.S.: The market went negative YTD, so I am locking in a 9% lead over the SPX...
 
Sell at 1458....

Fed has cut the rate just before the open, but I don't trust it will have a lasting effect, we shall see.... I might go long again if it falls back....
 
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