My personal portfolio
David Fuller's view Volatility is good for trading provided one operates on a buy-low-sell-high basis and takes reasonable profits on offer. I was too slow to do this with my remaining stock market futures short, which I closed today in the German DAX Index. I bought in my June short at 5981, against my sale at 6204 on 22nd April. I may reopen a short or two if markets move closer to their April peaks in the near term. I also took two more profits in my USD/JPY Baby Steps trading, by selling one September long at ¥92.97 against its purchase at ¥90.88 on 7th May. I also sold another equal-sized position at ¥93.23 against my purchase at ¥92.05 on 6th May. For the record, my spread-bet statement also shows that I have an earlier USD/JPY purchase at ¥92.05 for the September contract which I apparently opened on 16th April, possibly with an unnoticed limit order, so it was not reported at the time. My other two remaining longs were opened at ¥92.94 and ¥92.95. I will continue to lighten on strength and buy on weakness, market conditions permitting. These prices include all spread-bet dealing costs.
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