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UKX Long trades

index:ukx

#61

Long at 7382.30. Re-added a 6th & a bit of extra long cover in view of US & other markets currently flying.


#62

Closed 7401.30. Booked 19 points. Down to 5 longs.

I feel it’s over-bought in view of an uncertain GE outcome. But that doesn’t mean it won’t continue going higher. Even decades ago, John Maynard Keynes was spot on about “irrational” markets.


#63

Long at 7380.80. Re-added a 6th long at similar levels, for same reasons as earlier today.

Edit: corrected typo in “re-added”.


#64

Closed 7391.30. Booked 10.5 points. Hopefully UKX coming off the boil a bit. Back down to 5 longs.


#65

Long at 7376.10. Back in with a 6th re-add. Same logic.


#66

Closed 7388.80. Booked 12.5+ points. Back down to 5 longs.

A reversal over the next few days would be handy due to holding greater short exposure. But US markets looking strong & such sentiment can be contagious.


#67

Long at 7375.30. Re-added a 6th for extra cover. Same logic as previous posts.


#68

Closed 7394. Booked 18.5+ points. Down to 5 longs, hedging 8 shorts.


#69

Long at 7372.80. Re-added a 6th again. Same logic. Also a better balance with 8 shorts.


#70

Closed at 7389.30. Booked 16.5 points. Back down to 5 longs.


#71

Long at 7380.80. Re-added a 6th for added cover as hedging still 8 shorts.

Edit: Temporary limit order set on this at 7402. If triggered, will post later when I return.


#72

Long at 7310.80. Added a 7th long, hedging 8 shorts.

Will allow things to run a while as either this long or a short will be in profit. Only 10+ points between them.


#73

Closed 7328.80. Booked another 18 points. Longs back down to 6.


#74

Long at 7333.80. Re-added a 7th long on today’s retreat, also mindful of this week’s dividend. These hedging 8 shorts.


#75

Closed 7344. Booked 10+ points as we’ve possible stronger resistance not far above this. I could be mistaken, but longs back down to 6 for now.


#76

Long at 7362.30. Strategic 7th re-added, hedging 9 shorts.

Only 11 points separating my last short & this long add. I’d prefer more selling later & to close a short. However, just in case it goes up again, I wanted more cover for this week’s near 16 points dividend.

Edit: Rationale added.


#77

Long at 7331.30. Added an 8th & restored parity with shorts for a little while. Will now let things run without further adds.


#78

Closed 7348.30. Booked 17 points. It’ll help soak up tonight’s divi hit. Back down to 7 longs.


#79

Long at 7318. Re-added an 8th & restored parity for a very brief while as my highest short less than 13 points away.


#80

Closed at 7330.30. Booked 12+ points. Caught a sharp spike inside 3 minutes. Pure luck of course! Back down to 7 longs.