No change in view.
The market is getting carried away, and that is seen in the very long market conditions. That is why in all cases, I maintain low leverage to ensure I can obtain better averages and also managing the exposure.
I had stated I would be adding $ 118-120, and lucky enough we are above $ 125 and I have sold again but with a slightly higher leverage.
Strategy is ADD SELL current $ 125-127, or if new position as well. We will monitor where further sells will be placed. Right now my average is $ 115.02 SHORT but leverage is reasonable and slightly increasing due to the latest sell. Profit order 25% @ 114, 25% @ 108 and rest $ 98.75 for now.
The situation no doubt is getting worse, and we will see further developments.
The market is getting carried away, and that is seen in the very long market conditions. That is why in all cases, I maintain low leverage to ensure I can obtain better averages and also managing the exposure.
I had stated I would be adding $ 118-120, and lucky enough we are above $ 125 and I have sold again but with a slightly higher leverage.
Strategy is ADD SELL current $ 125-127, or if new position as well. We will monitor where further sells will be placed. Right now my average is $ 115.02 SHORT but leverage is reasonable and slightly increasing due to the latest sell. Profit order 25% @ 114, 25% @ 108 and rest $ 98.75 for now.
The situation no doubt is getting worse, and we will see further developments.
Note
Change first profit order to break even level 25% of position @ 115.00.Note
if go back to $ 125 will add again. I feel more comfort right now increasing leverage a little. It is up to the individual and manage their portfolio of course.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.