Finally, I decided to take a few short trades. As some of you might remember I still hold RBS, £100 per point but since RBS share price is so low (about 20p) my exposure is not massive.
Today, I tried to buy a few things:
1. Bought FTSE at 5415 with stop loss at 5395 and limit stop at 5550.
2. Bought EUR/USD but I got exited with £120 loss (only £1/pip).
3. Thomas Cook Group. Bought at 15.502 £50/point with stop loss at 11 and limit stop at 20. I bought June futures as plan to hold them for a while.
Will keep you updated on when/if I get something else.
PS: put a sell order on US crude at $102 with stop loss at $104 and will take profit at $98. $102 has a decent resistance level.
Why did you buy the Eur vs Dollar against the trend?
As EUR/USD was nearing a strong support level I thought I’d try… sigh.
Seems a foolish move to make even if the Euro was gaining some strong support as of the overall concerns about the strength of the Eurozone.