Since my last update, I have only made 2 trades.
- Short S&P 500, $5.8M, profit $10k, hold for 2 days
- Short Rio Tinto (ASX), $3.3M, profit $16k, hold for 3 days
Both trades were negative before turning positive. I wanted to hold them longer for higher profits, but the macro situation is too fluid. Daily news flow can still affect price momentum drastically, so it is better to take quick profits where possible. Unfortunately, that means high % returns on trades are difficult to achieve. However, we have to amend our trading style according to market conditions.