With volatility about to increase even more, I want my trading positions to take advantage of that. I had a feeling MCP would pullback/consolidate and I should have removed it from a trading portfolio then. If I had only 1 MCP position or if I had a smaller portfolio and I was trading MCP for the longer term to keep down transaction costs, I'd stick with it as I do love it for a primary bull trend asset, for instance...
There are VERY few 60 min charts leading positive like this in this market and basing, so I believe in MCP, it just doesn't belong in a model that's for trading right now.
The core MCP position is up 10%, the trading position is down -1.23%.
Basically I want to make some room for quicker trades that should do well on increasing volatility soon.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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