Friday recap

Yesterday did not have much of price movements to offer. Happy to still end the day with a small profit (the rule of max. 3 losses in a row proved valid again). I tried to go short as I had the feeling ERIC B was weak for the day.

Posting the table with the weekly results. Lost a little more then 1 SEK per share during the past week.

Bought at the close

Happy friday!

Short

Time to get short. Shorting at 68.15.

Thursday - "ouch"

Today the market really got me. Was thinking to take advantage of a downside breakout in a, in my opinion, weak market. Did this and failed to track the intraday trend brutally. Will we have better luck tomorrow? Three red ones in a row now. Four in a row has never happend in the history of this blog, so I guess I can say we are safe tomorrow ;)

Closing the trade

Time to close and take the loss (69.65)

Position time

ERIC B is finally moving. I am shorting. 68.10.

Wednesday

Today was a day without trend. Was looking for it on the short side but it never showed up. This is a natural result following the last days' nice intraday trends. Hopefully tomorrow will be trendful enough for money to be made.

Closing the trade

Closed the trade at 68.75 just before the close.

Trying the short side again

Short from 68.60

Tuesday

I was of the belief that ERIC was trending lower, and after a small correction upwards a decided to short it at 67.7 as it resumed its downward trend. However not successful today. I will be back again tomorrow. Ciao!

Update

The position is still alive although it's a losing one, waiting a little, will cover at the close.

Short position again

I sold ERIC short at 67.70

Monday

I bought back the stocks at the close, not much action today. I tried to follow the slight downward trend I sensed. No huge price movements, but still a profitable trade.

Buying back now

Time to close the position in the call.

Update

Ericsson is trending lower. Waiting a little more to see if it can be bought around 68.

Shorting

Time to short ERIC B (69)