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UKX Short trades

index:ukx

#261

Closed 7299. Taken 27.5 points.

I think certainly lower again later, however, I need to leave my desk soon, so I’d rather book more gains than risk a limit order not triggering before the w/end. Back down to 7 shorts.


#262

Short at 7322. Re-added an 8th as I prefer to stay well-weighted to the short side.

Politically speaking, UK is in a mess of unparalleled proportions. It can go on only for so long, before the unravelling.


#263

Closed at 7297. Booked 25 points. Reasons: standard procedure amid ongoing volatility. Down to 7 shorts.


#264

Short at 7324.30. Re-added an 8th with same logic.


#265

Closed 7298.80. Settled for 25.5 points as plenty of bearish exposure left. Back down to 7 shorts.


#266

Short at 7307.30. Re-added an 8th due to the political chaos in UK.

Perhaps too soon? It could go back up. But I’ve plenty of UKX long cover if it does.


#267

Closed 7294.30. Settled for 13 points more. Down to 7 shorts again.


#268

Short at 7302. Back in with an 8th; same logic.

Will let this one run as I need to leave desk a brief spell.


#269

Closed 7276.80. Booked another 25+ points. As I was out when it was lower & no limit order, it’ll do.

Back down to 7 shorts.


#270

Short at 7301.30. Re-added an 8th due to likely increased political turmoil ahead.


#271

Closed 7289.80. Settled for 11.5 points.

Rather book more gains in a volatile climate. But another decent day overall.


#272

Short at 7300.80. Re-added an 8th for same reasons.


#273

Closed at 7290.80. Booked 10 points.

Back down to 7 shorts. Have to go out later so taking more gains not a bad idea.


#274

Short at 7303. Re-added an 8th. Will probably allow this one to run a while as I need to leave my desk later.


#275

Closed at 7288.50. Booked 14.5 points. Down to 7 shorts. Very volatile day. Pity I need to leave my desk.


#277

Short at 7300.30. An 8th re-added for the potential political chaos ahead.


#278

Short at 7381.30. A 9th add here, only feasible as I still hold 5 UKX longs as cover.

But difficult markets & currently going against any sound rationale in UK.


#279

Starting to look messy Jack IMHO

Keep it simple mate


#280

Hi Regardless,

Thanks. I see where you’re coming from. It may seem that way to those who only hold real shares long-term, but this is what I do. These days I barely look at my real share holdings, with exceptions. They’ll take care of themselves whilst paying dividends. All my leveraged resources focused on trading UKX (bar 3 small IQE longs, soon to be closed).

All my longs & shorts are within the range of UKX highs & lows seen over the past 2 years. My margin is big enough to hold these comfortably &, in perspective, I only hold 4 shorts net as I still have 5 UKX longs covering.

Nothing easy about it of course. Timing is inevitably tricky. Markets can be irrational. But I’ve taken enough gains since March to make it worthwhile.

That said, I doubt I’ll be doing much leveraged trading in my 60s. :wink: - Regards.


#281

Closed at 7371. Booked 10+ points. Largely as I still hold 8 shorts, now hedged by 6 longs, & we’ve UKX dividends ahead. Next week’s already 15+ points. That could get higher yet. This week’s still 6+ pts.