First of all, welcome to our new subscribers.
This is a periodic “Positions Update” post (at least once a month) where all the current trading positions are reviewed.
You will generally see long/short positions in this update. For those of you not too familiar with this concept, you can read this article on my main blog. In a nutshell, we’re trying to profit from the price difference of 2 assets or securities, without being bothered with market direction.
In the tables below, you will see “Long” of “Short” positions, and “1st and 2nd leg”.
If position is Long, then 1st leg is Long, and 2nd leg is short
if position is Short, then 1st leg is Short, and 2nd leg is long
This means that: Long A/B = Short B/A… The two are the same.
Usually I will always talk about Long trades (as you see in the tables below), but occasionally I’ll use short trades for convenience, as I did for the “short Gold/Silver” trade.
This edition of Positions Update is quite special as we will talk about the trade which closed at +199 % !
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