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Trading update: The market seems soggy atm, just like Sydney.

JHX: Closed at TS (+0.2R)
CVO: TS exit raised to 2.10
ALU: Re-bought at 5.02 (>5.00) , iSL far away at 4.70. [Ha, just saw your post as I was about to post this.]

MTU: liked the setup, but the trade book (portfolio) is near its capital risk limit. This restricts the number of trades even though there is capital available. This downside exposure limit comes into play when starting a portfolio (book of trades) and reduces the chance of having a poor start if your market timing is unlucky. This limit also restricts the number of trades when the open trades as a group are not progressing as anticipated. This happens when the market goes down like this week.

Another thought:
An active trader shouldn't be restricted by any market condition nor limited to one market (ASX stocks). Think of the benefits of being short the ASX200 index right now. The open profits from a index short would be offsetting some of the open losses. If the market continues down the profits would be greater than the equity losses as we would have closed most of the stock trades.

<blockquote data-quote="peter2" data-source="post: 867295" data-attributes="member: 13908">Trading update:&nbsp; The market seems soggy atm, just like Sydney. JHX: Closed at TS (+0.2R)CVO: TS exit raised to 2.10ALU: Re-bought at 5.02 (&gt;5.00) , iSL far away at 4.70. [Ha, just saw your post as I was about to post this.]MTU: liked the setup, but the trade book (portfolio) is near its capital risk limit. This restricts the number of trades even though there is capital available. This downside exposure limit comes into play when starting a portfolio (book of trades) and reduces the chance of having a poor start if your market timing is unlucky. This limit also restricts the number of trades when the open trades as a group are not progressing as anticipated. This happens when the market goes down like this week. Another thought: An active trader shouldn&#039;t be restricted by any market condition nor limited to one market (ASX stocks). Think of the benefits of being short the ASX200 index right now. The open profits from a index short would be offsetting some of the open losses. If the market continues down the profits would be greater than the equity losses as we would have closed most of the stock trades.</blockquote>

[QUOTE="peter2, post: 867295, member: 13908"] [U]Trading update[/U]: The market seems soggy atm, just like Sydney. [B]JHX[/B]: Closed at TS (+0.2R) [B]CVO[/B]: TS exit raised to 2.10 [B]ALU[/B]: Re-bought at 5.02 (>5.00) , iSL far away at 4.70. [Ha, just saw your post as I was about to post this.] [B]MTU[/B]: liked the setup, but the trade book (portfolio) is near its capital risk limit. This restricts the number of trades even though there is capital available. This downside exposure limit comes into play when starting a portfolio (book of trades) and reduces the chance of having a poor start if your market timing is unlucky. This limit also restricts the number of trades when the open trades as a group are not progressing as anticipated. This happens when the market goes down like this week. [U]Another thought[/U]: An active trader shouldn't be restricted by any market condition nor limited to one market (ASX stocks). Think of the benefits of being short the ASX200 index right now. The open profits from a index short would be offsetting some of the open losses. If the market continues down the profits would be greater than the equity losses as we would have closed most of the stock trades. [/QUOTE]

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