I love it when a plan comes together.
In yesterday's Live Trading Webinar (replay available here) we worked our way into 6 short Dow (/YM) Futures shorts at an average of about 25,167 and we rode them down this morning to the 25,100 line for a quick $2,000 gain on the set and then, in our Live Member Chat Room, we called for a follow-on short below the 25,100 line, with a target of 25,000 for another $500 per contract gain.
It's been a busy week as we have options expirations so we're reviewing our 5 Member Portfolios, one of which we share with the viewers of Business News Network's (Canada's Bloomberg) Money Talk in a portfolio where we only initiate and change trades on the show so every single trade is available to the viewers live. The disadvange to that restriction is that we can't make adjustments between shows (I'm on quarterly) so we try to stick to low-touch value trades but, as we teach our Members, trading does not have to be exciting to be profitable and our Money Talk Portfolio is already up 68.6% since we intiated it last September (10 months). Not bad for free samples!
You can see the review of the adjustments we made yesterday at www.philstockworld.com/moneytalk and here are the clips from the show talking about the market, the portfolio and adding a new trade idea on General Foods (GIS):
As noted, we are moving to a lot more CASH!!! and were shorting the market as we're taking the trade war more seriously than other investors seem to be and, just this morning, to prove my point, there was more saber-rattling from the President about Auto Tariffs, which would be a horrifically bad idea for the entire Global Economy. That's what sent the market lower, despite pretty good earnings reports so far.