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UKX Short trades

index:ukx

#1

Short at 7429. Reasons: resistance levels not far above.


#2

Closed at 7375.30. Booked over 54.5 points. One of my better UKX trades for a while. Some luck also involved with timing.

Edit: Changed thread title to keep all my UKX short trades together in one thread in future.

Edit: Academic correction, took 53.7 points on this trade, not over 54.5. - Cheers.


#3

Short at 7421. Reasons: same as before, ie. resistance levels not far above.

Target modest. As I need to go out a while, limit order placed at 7401 looking for 20 points.


#4

Closed at 7411.80. Settled for 9+ points before the weekend & mindful of G20 Summit ahead.


#5

Short at 7494.30. Reasons: YTD resistance from April not far above at circa 7520+. Index seems overbought on G20 optimism.


#6

Short 7515.30. Added a 2nd position for reasons as before.

Unlikely to add again, but glad to hold both these well beyond today if necessary. Plenty of reasons ahead that may cause a sharper sell-off across UKX.


#7

Closed 7503.30. Booked 12 points due to uncertain climate, despite UKX at YTD highs. Rather take more gains than be sorry. One short left.


#8

Short at 7517.80. Re-added a 2nd UKX short for reasons as above.


#9

Closed 7506.80. Booked another 11 points more so as an insurance against further rises. Back down to one UKX short.


#10

Short at 7526.30. Re-added a 2nd UKX short for same reasons.

Once again, that’ll be it until profits realised.


#11

Closed 7512.30. Taken a very quick 14 points due to existing short exposure.


#12

Short at 7520.30. Re-added 2nd UKX short. Reasons the same.

Will set a temporary limit order on this at 7500 as need to be out a while.


#13

Closed at 7510.30. Took another 10 points just as ready to go out. No regrets about booking profits in this business.


#14

Short at 7523.80. Re-added again. Temporary limit order on this at 7510.


#15

Short at 7543.80. A 3rd & probably final short add for now. Resistance ahead & I still think a sharper reverse due later.


#16

Closed at 7533.80. Taken another 10 points. No special reason. Just prefer booking gains with two UKX shorts still left open.


#17

Short at 7543.30. Re-added a 3rd UKX short for reasons as above.


#18

Short at 7609.20. A 4th & possibly final UKX short add as little sustaining this rise to YTD highs, bar low Sterling due to more hard Brexit talk.


#19

Closed at 7588.80. Booked 20+ points before w/end as I’ve enough short exposure left.

Dividend hit on this was 1.97 points. Down to 3 UKX shorts.

Edit: Correction: no dividend hit on this short as opened soon after midnight yesterday. - Cheers.


#20

Short at 7570. Re-added a 4th UKX short. Reasons as before.