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Trade view / 17 August 2016 at 9:59 GMT

UPDATE: Stopped out on oil short, taking profit on natural gas

Managing Partner / Spotlight Group
United Kingdom
Instrument: CLU6
Price target:
Market price:
The movement higher in oil prices has seen my short position stopped out.

The loss on position was 8.32% or 89.62% on an annualised basis.

I have decided to partially offset this by taking a profit on a short position in natural gas to book a gain of 7.19% or 571.81% annualised.

I would usually let the nat gas position run with a new stop, however, I will be away for a few days and so will not be able to observe the markets. So I will act now and minimise the current pain.

Net loss +7.19% -8.32% = 1.13%

The markets are ever evolving and at the moment the ratio of profitable trades to losing ones for all trades in 2016 is 51:13  or 3.92 x in favour of profits with a net gain that has fallen to +0.93%

Thank you to all for the continued support.

Yours sincerely,

Steve

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more

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