tradersams blog

bhp - decisions...

More on BHP – the big Australian.

This has been a paper trade going on for a while now, and the long position is profitable.

I am however cautious about this current long market… we are now over 10 days increasing on the trot – and that doesn’t happen too often.

Does this break the rules of a paper trade?  I am long the trade (in this paper trade scenario), and have a mid / long term bullish view of BHP.  I do however think that the bulls have good a good trot – and at the same time as BHP is hitting a point I’d expect to see resistance.   So – today I entered a short leveraged position in BHP expecting a short term dip.  Not on paper – a warrant trade on BHPXOQ – I must say a risky position, and highly leveraged – so only small.  Lets see how this plays out.

Too confusing now – two positions in one thread…?