CFR

CFD account update

Once again we’re doing things a little differently this week, just because we can really. So instead of giving some broader market trade ideas as we usually do, we’d thought that we would do a CFD account update and share the current open CFD trades in our managed CFD accounts.

It’s time to buy Bitcoin

Our view has been that one should treat cryptocurrencies much like you would treat any normal individual stock in your portfolio. With the recent rout in cryptocurrencies, we think that it’s time to buy bitcoin. There are many loud voices out there right now (let’s call them paper hands) that are ranting on about how bitcoin is dead… ignore them. Treat it like a normal stock, don’t take massive (or geared) exposure and don’t bother about the opinions of the paper hands. It’s time to buy bitcoin.

Trend following for the win!

Very often we overcomplicate things for ourselves. The easy truth is that trend following it often the best way to interact with markets. Since the trend is currently very firmly up, we’re happy to toe the trend following line for as long as the trend stays in tact.

Patience is key to opportunism

We’ve said a few time in the past that patience is key. The main benefit of being patient when it comes to trading is that we can wait for the really good setups to mature and then take trades in which the odds are firmly skewed in our favour. Some of the stocks we’ve been watching for a long time have finally triggered buy signals.

Hold tight, we’re trending higher

Volatility is subsiding and markets are feeling more confident than they have for some time. We can debate about logic and valuations and inflation for days on end. In the end though, it will boil down to “yes, nothing makes sense” and “don’t fight the FED”. The money printer is going brrrr and all we can do is hold tight while the bulls give another run.

Time for a pullback?

Over the last few weeks, markets have remained rather strong in the face of many challenges. Last week we finally got confirmation that more stimulus cheques are in the mail for Americans, although it seems that $1.9 trillion was not enough to help equity indices end the week in the green. Risks remain elevated and volatility is stubbornly not abating, thus we are starting to think that it is time for a pullback. There are a few long indeas in precious metals and commodities, but for the most part, caution is advised.

Can’t stop. Won’t stop. GameStop.

Oh, the madness that is 2021! Never in my life did I think I would see a bunch of internet nerds take down hedge funds and brokerages… just for the lols. But here we are; Robinhood is basically dead in the water, Melvin Capital has offered a job to u/DeepFuckingValue (who made $46 million on GameStop since October 2020), Wall Street losses on GameStop and other heavily shorted stocks are tracking well over $70 billion and there is no sign at all that the Redditors have any intention of stopping. It boggles the mind!

Weekly game plan 13 September 2020

Being overly bearish is bad for your health, so please take the this week’s game plan with a pinch of salt. Overall we are becoming more and more concerned with what we think is irrational exuberance in the market. We look at some of our concerns and identify some trading opportunities for the week ahead. We also have a look at some requested charts.

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