Monday, January 17, 2011
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It took just over a week to get 500 page-views for Birch Creek Trading!
Thank you for having a look and I hope everyone is gaining an insight. Right now, I haven't closed any trades I have opened since starting the blog, so the "guts" of the blog is yet to make an appearance. Watch this space as I hopefully make only a few mistakes, but lots of profit.....
I've updated the page "Trades" (see the tabs at the top of the blog, e.g. What I Trade, My Routine) - it now includes a table summary of all trades I have outlined in my End of Week analysis and individual "Magnificent Seven" analysis.
From there you can track if my trading strategies work well or not - I have kept the "tracking" quite simple, with identical capital allocation for each trade: either 1 option contract (exposure to 1000 shares), 500 warrants (assume 50% leverage for total 1000 shares exposure) or 1000 shares.
Of course, capital allocation is a large component of trading due to the "equity at risk" rule. Most traders use 2% total equity at risk: I vary it depending on the inherent risk of the trading vehicle.
My actual trades will differ slightly from the table summary: why?
Because I trade first and blog later! I might in the post-close afternoon analysis give some reasons to trade ZXY, but I may have already performed such a trade myself.
Almost two hours left in the day and XJO is falling - it seems 4800 remains key resistance for the time being.....
500 views and "Trades" page update
Thank you for having a look and I hope everyone is gaining an insight. Right now, I haven't closed any trades I have opened since starting the blog, so the "guts" of the blog is yet to make an appearance. Watch this space as I hopefully make only a few mistakes, but lots of profit.....
I've updated the page "Trades" (see the tabs at the top of the blog, e.g. What I Trade, My Routine) - it now includes a table summary of all trades I have outlined in my End of Week analysis and individual "Magnificent Seven" analysis.
From there you can track if my trading strategies work well or not - I have kept the "tracking" quite simple, with identical capital allocation for each trade: either 1 option contract (exposure to 1000 shares), 500 warrants (assume 50% leverage for total 1000 shares exposure) or 1000 shares.
Of course, capital allocation is a large component of trading due to the "equity at risk" rule. Most traders use 2% total equity at risk: I vary it depending on the inherent risk of the trading vehicle.
My actual trades will differ slightly from the table summary: why?
Because I trade first and blog later! I might in the post-close afternoon analysis give some reasons to trade ZXY, but I may have already performed such a trade myself.
Almost two hours left in the day and XJO is falling - it seems 4800 remains key resistance for the time being.....
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