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TSP Trading Portfolio:
Total Trades: 2
Overall ROI: +4.2%
Current trade (CLOSED on 4/1 12:40pm ET): I was long TZA from $65.11 on Wednesday (3/25) in the final hour of trading. The trade achieved the profit target of $71.10, has been closed for a $5.99 per share profit and a +9.2% ROI. My risk tolerance on the trade was HIGH RISK.
UPDATED 4/1 (12:30pm ET): I am going to sell my entire position at $71.10 as the momentum algorithm is starting to show the move is near topping out around $72. I am also moving my stop up to $67.00 to lock in a profit.
UPDATED 4/1 (9:30am ET): My momentum algorithm is currently calculating a key resistance level as $68. Breaking and holding above this level will be integral to any upward momentum. However, a break of the level should send TZA to the exit target of $71.10. I will adjust my exit target depending on what the algorithm calculates as we (if we) approach $71.10. If I decide to eject from the trade early or move the exit target up, I will post an update here and let you know on Twitter. I realize and accept I am trading in an extremely volatile and high risk market so my trade size is respective of the inherent risk involved.
My personal risk tolerance levels are explained below. When I get into any trade, I look at what I am comfortable risking in the trade given the reward potential. My risk tolerance is based on my bankroll, trade size and a variety of other personal factors. You need to consult a licensed financial adviser to discuss proper levels for your personal financial situation. My risk tolerance for trades will be classified as follows: ALL IN, HIGH RISK, NEUTRAL RISK.
ALL IN: I am entering the position knowing and accepting of the possible loss of the entire investment I am making. Typically reserved for options or futures trades.
HIGH RISK: I know the trade carries a high risk of substantial loss but equally high reward potential. I am fine with the trade-off and accepting that I could take a big hit on the trade. I usually will keep a wide stop on high risk trades.
NEUTRAL RISK: A standard trade. I will keep a tighter stop than an “ALL IN” or “HIGH RISK” trade but like any trade I know and accept anything could happen (major market or world event) which blows through my stops. I always practice proper risk management in conjunction with my overall bankroll management plan.
*** I cannot advise you on trade size percentages or what would work for your bankroll. Due to financial adviser regulations I limit my trading content to simply posting what I trade. I cannot/will not (sorry!) comment on how you trade, what you should do/trade or your personal holdings. Every trader must make those decisions for themselves and under the counsel of a licensed financial adviser. Please read the “Trading Content Disclaimer” below which covers the posted trading content.***
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