ARIS, Environmental Play breakout on Oil Industry
Pivot: 19.60
Avg Cost: 20.12
Stop: 18.65
Risk: 4.85 From correct pivot.
Position Size: 8K (Half of "Positioning"), Moved fast from the pivot and couldn't fill my position. Im not chasing on this market. My risk model changed from Defensive to Positioning on the view that we may still get a bit more of this bear market rally until we find resistance when main indexes find resistance on declining moving avarages like 50 day. 14% invested. Will try to get more invested if I can find more good breakouts. Im not in a hurry. Open positions are working good for now. My equity curve on USDs is at ATH.
Avg Cost: 20.12
Stop: 18.65
Risk: 4.85 From correct pivot.
Position Size: 8K (Half of "Positioning"), Moved fast from the pivot and couldn't fill my position. Im not chasing on this market. My risk model changed from Defensive to Positioning on the view that we may still get a bit more of this bear market rally until we find resistance when main indexes find resistance on declining moving avarages like 50 day. 14% invested. Will try to get more invested if I can find more good breakouts. Im not in a hurry. Open positions are working good for now. My equity curve on USDs is at ATH.
Trade closed manually:
Many of my positions acted very poorly today and been getting stopped out. Had to sell many positions today to finance the hits the portfolio has been taking. Exited @21.04