Been flat out doing other stuff today. Hence, no new trades for me.
My 7 surviving short trades from last week all went down to today, which is good. ANZ, BHP, BSL, MQG, TLS, and WBC are all green, with only CBA slightly red.
Very choppy market atm, but I am content to be short rather than long. I am still waiting for the opportunity to load up the volume on my existing shorts, and open new shorts, but this strategy is taking a bit longer to play out than I anticipated. To date with the current set of shorts I have been employing relatively loose stops. However, if the market does not give me a sense of direction soon I will tighten up the stops dramatically to protect profit.
