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.
A trade set up for TLT occurred February 13 and was confirmed February 14.
February 14: Bought to open 50 TLT at 119.53, net $5,978.50.
February 15: Trade buy signal continues; bought 50 TLT at118.98, net $5,951.00.
February 16: Sell signal, sold to close 100 TLT at 119.65, net $11,963.00.
Net Profit $33.50, ROI 1.33%
Another small profit trade, it beats the alternative. Most trades this system produces are small profits with an occasional losing trade and occasionally a big winning trade. It is the occasional big winning trade that makes the system work. The win loss ratio since documenting the system on the internet is still hanging in there at 75.9% winning trades.
On the investment side of my portfolio, I have closed out my short bond trade for a small loss. I am still short the S&P 500, and have added to my gold and silver mining shares. I still continue to dollar cost average into physical gold and silver in the form of bullion coins.
The portfolio is seriously over weighted to gold and silver mining stocks, therefore I am taking profits whenever the market allows.
Anytime a position doubles in price, I sell half of the position, recovering my investment, and keeping the remaining half as a free trade.
If you are interested in the precious metals I recommend listening to the Michael Belkin interview at King World News, listen here.
The world economic situation is still fraught with peril and potential chaos. The Trump presidency is still a wild card, who knows what he will do next? Stay alert, prepare for the worst and hope for the best.