Eoin Treacy's view

Eoin’s personal portfolio: trading longs initiated

One of the most commonly asked questions by subscribers is how to find details of my open traders. To make it easier I will simply repost the latest summary daily until there is a change.

Following the successful hard fork for Ethereum I decided to buy the breakout and opened a long, paying $2866. I also opened a long in bitcoin paying $42427 including spread-bet dealing costs.

I opened a short on Monday in the S&P500 at 4391.63 for a September contract. I regard this is a hedge short position. I don’t believe it is a meaningful peak but the inert trading against rising volatility suggests a risk of some weakness in the short term.

My platinum longs were purchased $1072 and $885. I also continue to hold my silver trading position, initiated at $23.7. I will buy more if the current reaction deepens.

I increased my gold position on December 17th buying another unit at $1818.6 and continue to hold my original purchase which was opened at $1879.2.

I still have bids in the market below prevailing prices in gold and silver and will leave them in place to take advantage of any possible additional volatility.  These are leveraged trading positions rather than medium to long-term investments.

Among my investments, my original position in the VanEck Vectors Gold Miners ETF was purchased on March 25th at $20.12. I bought another unit at $35.79 on December 1st. I continue to shop for opportunities in the gold sector.

My two investment positions in Rolls Royce were purchased at 154.75 and 105p respectively. I also took up the rights issue which has resulted in an average purchase price of 54.63p. Rolls Royce has not participated in the stock market rebound of late and continues to form a first step above the Type-2 base formation.