Holidays

It is time for me to go for a few days of holidays. Does not seem to be much action in the markets today. Has the Christmas stand-still already begun? For those of you that are still in the markets I hope it has not. Blog ya later! Sayonara

And... Sold!

Sold at 66.55.

Long

After eight consecutive ERIC shorts I will now try to go long (67.15).

Closed at the ring of the closing bell

As you might have guess I waited until the last second of trading and closed the position at 66.80. Did not quite manage to find the trend correctly today.

Short position

Time to short it. Sold short at 66.50.

Buying back

Covering half of my short position here (67.55) (66.55) [corrected] and half in the call.

Sold short

When ERIC broke down (66.85)

Update and closing the trade

Not sure we will see so much more decline in ERIC today. Entered the short position at 67.75 and then the price went up a little just before it bottomed at 67.20. I just closed the position at 67.55.

Weak ERIC

Today ERIC is weak. Trying a short one, in line with the news flow.. (67.75)

Closed at the close

Bought back at 69.70.

Shorting

Trying the same thing as yesterday. Short from 70.30

Today summarized

Today I was looking for a profit on the short side. Was .1 SEK from hitting my order to buy at 69.3, but the good old ERIC turned around at 69.40. I covered the short position at the closing price 70.35 resulting in a minor loss. Time for some good ones now as the trading has been somewhat weak lately.

Update

Going for lunch but will remain with the position to around the area 69.20-69.30.

Short

Pre-lunch shorting ERIC B at 70.10

No position

No position today and I believe that was a good thing since no movements normally means no or negative cash for me. Let's hope for a big one tomorrow.

Ciao

Calm Tuesday

Our Tuesday in ERIC has been calm so far. Will we see more action during the last trading hours? I will short if we see ERIC at 69.75 again.

Closed

Closed the position at 70.35

Update

Trying to close the position as close to 0 as possible. I will probably wait until the closing bell.

Short position

ERIC shows weakness. Trying a short one (69.45)

Chart reading

ERIC is hesitating a bit whether it should continue down or bottom out here and start it's journey northbound.

Monday morning

Dear followers,

after one week away from trading I hereby declare that today is once again trading day. More info soon.

Monday

Dear Followers,
Please except my excuses for not informing you about my sudden state of occupancy with various things going on, preventing me from trading for a couple of days. I hope you will be patient and that you all will trade very well in these trader friendly markets.
`a tout à l'heure!

Summary of the week

Had a somewhat sad week in the ERIC-market with an average return of -0.4%. The markets are nervous which some days mean clear and strong intraday trends and some days rapid changes in the direction which I do my best to avoid being trapped by, but it is difficult. On Friday we saw an example of me being trapped as the weak trend all of a sudden was gone. Hope y'alls' weekends are all right

Buying back

Time to close the trade. (65.95) Update: managed to get out at 65.90

Update

Have found a nice trend to cling on to. Waiting to see if we can gain some more before exiting.

Short

Short is the new long. Sold ERIC short at 65.20

We are in a true bear market no doubt about that. Was aiming for a bear market rally like yesterday, but did not manage to succeed. Some time you got to exit your bad ones, but unfortunately today's bad one was exited badly. The market bounced back just after I was tricked to get out somewhere close to today's low. Well well, let's hope for this to be the worst day of this week (which it will be unless tomorrow will bring total black out).

Exiting

Selling my position here at 65.10 and quitting my long project

Long position

Bought some ERICs at 66.70

Summary of the Wednesday

It is very easy to say in hindsight, but I really saw the development of the rest of the day after I sold coming. ERIC moved so quick north everybody knew it was time to sell. And so they did and the markets went down. The only thing I regret is that I did not trade more today since the bear move was of equal amplitude as the bull. Well, at least it was a well timed exit and I am happy with that. 

Done

Sold at 67.60.

Moving fast now

Will be selling at 67.60

Buying

Bought ERIC at 66.70

End of day and looking forward to tomorrow

I did not manage to find a good entry point today why I chose to stay outside. ERIC was trading horizontally which means small chances of profiting from following the trend. Looking forward to tomorrow.

Today

No trading so far today. Waiting a little to see if we find find an opening to take position.