Well as most will be aware today is a bank holiday in the UK & US which means that there is no trading of UK or US stocks today.
Trading has been going on in other places but with the UK & US closes not much has been happening. I have positions currently open on French and German stocks so my portfolio value has changed but only slightly. How I said at the end of last week I will only be posting a weekly status update so you’ll have to wait until the weekend for that.
Below are my possible trades for this week. I have placed these as orders and these are the only orders I will be placing this week. How I said I have been overtrading quite badly of late and I have paid the price with the losses I have made. Anyway here are my orders for this week. All of the orders use my Momentum divergence strategy see here for details.
You will notice the risk on these is fairly low. Since I started with over £1000 of total funds I am allowing myself upto £10 risk on each trade. I know there are two which break this rule but not by much and I have allowed these potential trades as the others are well below my max £10 risk per trade. If you work it out accross all 5 orders my average risk is £8.72, I don’t expect all these orders will execute this week or even ever. In fact premier foods and galiform are orders that I had placed last week as well. The momentum divergence is still true for these stocks this week so I have placed the orders again albeit with adjusted buy prices to reflect buying the high of the previous week.
If you have any questions about these orders or would like to ask me any questions about anything regarding this site please feel free to e-mail me.
I look forward to hearing from you.
Until next time, May the markets be with you.