Closed 7617.80. Booked 10 points more. Shorts down to 7 again.
Short at 7638. An 8th re-added due to recent resistance not far above.
Closed 7624. Booked 14 points. I anticipate a trickier than usual day or two ahead. Shorts down to 7.
Short at 7638.30. Try to repeat with an 8th re-added. Same logic (ie. resistance not far above, et al).
Closed 7625. Taken 13+ points. Difficult period for short positions.
Short at 7638.80. An 8th re-add, same reasons as recent shorts.
Closed at 7632.30. Settled for 6.5 points more. It’ll cushion tonight’s small dividend hit.
By the by, UKX short positions seem to be relatively okay for a few weeks as regards divi hits. Nothing of any account for a while. Though when they mount later in the year, they’ll come thick & fast. Back down to 7 shorts. - Edit: typo.
Short at 7652. Re-added an 8th. Same logic.
Closed at 7638. Booked 14 points. Probably closed much too soon with Sterling recovering a bit today, but with 7 shorts left, I’d rather book more points as I need to leave my desk later.
Short 7615.30. Re-added an 8th due to stronger Sterling & today’s reversal from recent resistance levels. These hedged by 4 longs.
Closed at 7590.80. Booked 24.5 points. Shorts reduced to 7.
Short at 7627.30. Re-added an 8th as things looking overdone again.
Closed at 7616.30. Booked 11 points.
Though I think it’ll be much lower again later, I’d rather continue booking quick gains in what remains a volatile climate.
Short at 7628.20. Same logic. Back up to 8 shorts.
Closed at 7611.80. Booked 16+ points. Shorts back to 7.
Closed 7505.30. Booked 30 points. Shorts reduced to 6.
Short at 7526. Re-added a 7th as global markets seem to be trending down &, even if short-lived, any panic about China’s coronavirus may well see more negative sentiment spread across markets.
Closed at 7496.50. Booked 29.5 points. Shorts down to 6 &, for now, back to parity with longs.
Short at 7505.80. Re-added a 7th as global markets may get much more jittery this week due to the spread of Coronavirus .
Closed at 7460.80. Booked 45 points. Shorts down to 6. Parity restored with longs.