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.

Today

That we were on to a downward trend today was obvious. I took position a tad late to be able to get the most out of it, but still a profit.

Closed the trade at 65,80

At the end of the trading day.

Short

Short pos from 66.15

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.