Short term
Trade view / 30 December 2014 at 15:08 GMT

UPDATE: Profit protection on Greek 3-Year activated

Managing Partner / Spotlight Group
United Kingdom
Instrument: EURUSD
Price target:
Market price:
On December 29, I posted an early trade idea: Wait for vote to determine Greek bond strategy.

As the poll scored fewer than 200 votes, I sold the 3-year paper, Hellenic Republic of Greece 3.375% July 17th 2017.

The first sale was at 84.10 or 10.827% and as the market kept falling I sold again at 1 83.32 or 11.242%.

My average position was therefore at 83.71 or 11.0345%.

We have all seen how volatile the peripheral markets can be.Therefore, late last night I posted a profit protection at 12.30%, which in price terms is 81.41.

At 07.00 GMT this morning the yield was 12.464%. However, a brief recovery rally occurred to 12.189 % and so my protection was activated. One could feel frustrated as the market for Greek bonds has fallen again and as of 13.36 GMT the yield was up to 12.950%.

Still, one sets stop-loss limits or profit protections for a reason and once activated, the trade itself is closed.

The trade was open for just one day or 0.003 years and made 2.8% or 1031.2% on an annualised basis. The price gain was 2.3 points or EUR 23,000 per million traded.

This trade closure takes my overall annualised return to  258.28%.

Bryuhanov Olexantr Bryuhanov Olexantr
ауних карупция да да да там
donovan80 donovan80
This comment has been redacted


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