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)

Six times one: 111111

Friday and I was back in the markets after a short sick leave. The magic date of 111111 implied starkly bullish markets and good trading from my side. 

The chart above displays ERIC B intraday Thursday and Friday. It shows a pattern that I like and sometimes manage to trade successfully. Small troughs build up, each slightly higher than the previous one. When we see three, four or five of them, depending a little of the time frame of the chart, in a consolidation phase the breakout over the highs usually leads to quite powerful price movements like yesterday.
Enjoy the weekend folks!

Time to sell

Sold here at 68.30

bought

Bought ERIC at 67.35.

Today

Today I am trading. However no ERIC trade yet since we are in sleepy friday mode.

Today

Status quo was the name of today's health situation. The markets are have been volatile and there is still scope for good trades. I will be back with my trading hat on tomorrow. Bis dann!

Closed today

Today, this trading shop is once again closed due to illness.. Hopefully we'll get it working later during the week. Best

Tuesday

This trader is feeling sick today. I do not know if it was too many champagne cocktails or what, but I will not be trading today. Enjoy your Tuesday folks!

30!

Today I felt I should try the long side as Ericsson started to show some strength and broke back over 70. The stock has been trending upwards for a few days. When markets are shaky, on down-days they are normally very weak already in the beginning of the session. That I did not sense today why I tried the long side.

We managed to capture a large portion of the intraday trend as around 4 p.m. I felt it was time to sell, mostly because my target was reached but also because I like to sell when the trend is as strongest. This can sometime lead to me selling on the top like today, or sometimes it leads to me missing out on half of a big movement. Today we got it right! We passed the 30% line after less than 4 months of trading. This has to be celebrated. Today I'd like to treat you to a classic Champagne Cocktail*:

Happy champagning, Good night and trade with you later!

Regards

* The recipe:

 Soak a suger cube in Angostura or other bitters. Put it in a champagne flute, add a dash of cognac and fill with champagne. Garnish with a lemon twist or nothing.

Selling

Selling ERIC here at 71.15.

Bought some ERIC

at 70.

Today

I was planning to trade, but plans rapidly changed. Trading during semi-opened days are normally not good anyway. I am going the the country of great electronic music for a good weekend! Heading to the airport now. Wish you all a happy friday

Today summarized

I was aiming a little higher. However, we saw yet another day with a beautiful intraday trend in ERIC B and we managed to take advantage of it. 4 days in a row now. Will we see a choppy session tomorrow or a new fine trend again? I am excited to find out - tomorrow.

Today's ERIC B-intraday chart

Cheers

Selling

I was aiming for 71 (high at 70.90). Selling here (70.20)

Update

ERIC B last 70,40.

I like what the markets are doing right now. Waiting to see if we can get ERIC just a little higher before I sell.

Long position

I just bought some ERIC. 69.5

Today's summary

It took me a while to get started today, but when finally in the market we managed to find a nice trend to hang on to.

The results from a bet of 900 kSEK.

Three nice ones in a row now. How have we deserved this? Anyway conditions for my trading style are good at the moment. Let's see what the rest of the week has to offer..

Taking the profit

I just sold (69.45)

Long

Buying ERIC at 68,30

Today's summary and switching to English

Dear Followers,

From now on I will be writing this weblog in English since I would like my non-Swedish speaking buddies to be able to follow it easily aswell. I will translate the parts that are not posts step by step as I have time.

Now to today's trading.

Today it was not hard to make the decision to short ERIC B. The bear market was intense and we managed to capture a nice portion of the decline. This week has started off well. Let's hope we can stay rolling.

Täcker

Täckte på 65.60

Kort här

Sålde kort på 66,90

Dagssummering

Dagens vågrätta streck till prisutveckling fick en böjning nedåt och när vi hängde på denna kunde vi tjäna en krona. Oktober är slut. Imorgon öppnar vi Novebmer månads handelsbok. Trevlig kväll

Avkastning från ett 900kkr-bet

Update

Täckte in blankningen på 68,40.

Täckmål

Ska försöka täcka in en krona i vinst. Köper på 68,40.

kort

kort från 69,40

Måndagsupdate

Denna dag är som ett streck. Jag avvaktar med action i marknaden med att ta position.

Igår och hela tiden

Sålde aktierna i callen på 70 igår och avslutade därmed en högst tveksam handelsvecka. Jag postar tabellen med alla veckors resultat.

högerkolumnen baserad på en investering av 1MSEK i varje affär enligt köp/sälj-signaler på bloggen.

Trevlig helg

Mvh

Update

Trenden är ful. Jag håller aktierna till stängning ändå. Det finns ett visst positivt drag i marknaden..

Köper

Lång från 71,30

Dagen summerad

Varje dag går ju ut på att fånga en större del av dagstrenden i ERIC på den här bloggen. Idag lyckades vi fint med detta.

Nu när alla är glada igen, är det läge att gå tvärkort i index?

Imorgon är det fredag, då får vi i alla fall följa fortsättningen på Ericsson-trading-äventyret. Väl mött!