The following information is for educational and entertainment purposes only. Rio Verde Trading and the author make no claim that anyone can or will achieve similar results in their trading.
4 August: Monday’s trade set up is confirmed today; bought to open 15 SPY at 208.93.
5 August: Sell signal has me selling to close 15 Spy at 210.04. Net profit $12.65, ROI 0.4%
This is my third trade in just over two weeks, hopefully trading activity is picking up. This is still a very risky market environment. World economic activity is being driven into the ground by bogus Keynesian economic theories; regardless of rosy economic forecasts by the FED. My trading strategy is barely clinging to a profit for the year as I wait for the big winning trade that makes this system work, patience. In the mean time fully invested in gold and silver mining stocks, which are devastatingly disappointing, and collecting dividends and building up my cash position.
Clearly we are living in unprecedented economic times, how this all turns out is anybody’s guess, but it won’t be pretty. I am not in the business of giving economic advice or personal investing and trading advice; but the message from countless advisors who are (see links to articles on my Home page) is to raise cash, invest in hard assets and don’t believe anything the government says.