Trading Update: 28 February 2015

True Profits Earned in 2015 to date: US$9,546.46
All-time maximum profit earned since 2011: US$143,604.36 (new high water mark!)
Current drawdown from all-time maximum true profit earned: US$1,357.02
Change from last update: Down US$1,215.98
Directional stance: Portfolio is 58.84% bullish

You have been warned!

Not too much action at all this week. It looks like even the US markets are going through some CNY sluggishness. The largest movement this week in the 3x leveraged ETF that I am using to trade was a paltry 1.18%, indicating very little volatility this week. But that's what it is in the heart of a bull leg. You don't see crazy up days, but more of slow grinds up, and after a slow grind up the markets will stall and dip a little bit, ruffle a few feathers, rebuild momentum before resuming the move up. And that's where we seem to be for now, in the stalling part. We take a $1k+ drawdown this week despite hitting new highs earlier in the week, and can only wait patiently for the market to take its own sweet time decide when the bull (or goat?) is to continue. It is telling that I hardly looked at the markets over the course of this week because there was simply no action. So I have to look for action elsewhere ;)