Second June Trade

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.

26 June: Thursdays setup is confirmed on Friday the 26 of June. Went long 40 shares of QQQ at 109.34,

29 June: Monday provides another buy signal; long an additional 40 QQQ at 106.87.

30 June: Tuesday sell signal, sold to close 80 QQQ at 107.12. Net loss $84.80.

Considering the turmoil and volatility in the markets as Greece defaults, the $84.80 loss does not bother me at all, could have been a lot worse. I was very nervous going into this trade on Friday and even more uncomfortable adding to it on Monday; this trading system is not based on fundamentals or news of any kind, so I had no choice but to make the trade which the system generates.

We live in interesting times, besides Greece, Puerto Rico is about to default and Spain, Italy and Portugal are basket cases also. In the past this trading system has done very well in bear markets so even with all the negative news I am optimistic as far as this trading system goes. Time will tell.

That being said I am keeping my trades small so that inevitable losses will be small and manageable.