Here are Mike's closed trades for the year (not including ETF portfolio trades):
Below are the trades still working.
Two more. The EWV is an inverted leveraged (bearish) ETF. It goes up when the Japanese market goes down. We have a very small position of 66 shares.
Outside of our ETF Plan, where we are overbearingly transparent, I have not been good about posting follow up results of sample trades tied to what was covered in each morning's Chakin Power User meeting. I've attempted to reconcile that below. It probably won't surprise you to learn that while the market was screaming bullishly higher, most our closed trades have been winners. That's not the reality in the long run. The Chaikin app can substantially improve results and give traders an edge when making directional bets, but no modeling algorithm will deliver 95% winners in the long run.
We don't always size our trades, but rather trade one lots. Always look at the return percentage gained or lost to measure the magnitude of success.
We don't always size our trades, but rather trade one lots. Always look at the return percentage gained or lost to measure the magnitude of success.
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