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18/2009
31.08.2009
Editor's
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How much to risk in every trade
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End of summer trading ?
Hi,
my opinion on market has not changed during last two weeks. It is in summer trading lethargy.
Bulls are leading and every small pullback is immediately used for buying.
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But such buying will not last forever. At one time all buyers will have full portfolio.
And also last bears standing will capitulate. Only then, when everybody
will think that markets can go up only and again, we will be able to
see strong selling and bigger pullback.
But there are a lot of bearish commentaries available, so I think that we could see more bullish days in next weeks.
There is also strong correlation between stock markets, Oil and also USD forex moves. Very strange correlation.
It has to change, this strange correlation between markets and also
between sectors has to be broken. Otherwise it will be very
difficult to find low risk trade setups.
I personally practically stopped trading. I do not see good trade setups in ETFs but also in individual stocks.
Therefore I am in wait and see mode. Until I will be able to see
something interesting in market moves, I will not open any new trade.
Happy trading,
Richard Koza
portfolio manager
ATWEL International
How much to risk in every trade
Good trader has good trading rules how to manage risk in his trading. What are your rules ?
.... top of newsletter
Sector and ETF Watch List
Long
ETF watch list: SMH, HYG, EWM,......
Short
ETF watch list: FXI, RSX, .....
10Y Tnote
yield has confirmed resistance and now looks like it want to move
down again. Supports are on 3.30 and 3.00 areas.
Stocks Watch List
Long trade/ Buy watch list: ECOL,EMR, .........
Short sell trade watch list: AAP,FCN,FSLR, URS.....
These stocks I monitor for trade in my fund
Questions ?
I will be pleased to reply to any of your questions. Do you have
something to discuss ? Or would you like to read something in next
issue of newsletter or on my web pages or in my blog ? Let me know .
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