My personal portfolio
Comment of the Day

May 10 2010

Commentary by David Fuller

My personal portfolio

Three trading profits taken

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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