My personal portfolio
Comment of the Day

January 10 2014

Commentary by David Fuller

My personal portfolio

A slightly in-the-money stop was triggered on a hedge trade.

David Fuller's view

Since the Nasdaq 100 Index (weekly & daily) has been such a success on Wall Street, albeit now somewhat overextended, I entered a slightly in-the-money stop at about 4pm GMT on Thursday when the market was soft, to protect my recent short position.  These stops will obviously be triggered if the market ranges but at least it protects against the possibility of another upside run.  My March NDX short was stopped out at 3555 on Friday morning at approximately 1:44am GMT, against Wednesday’s short at 3558.9.  These prices include all spread-bet dealing costs.   

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