Portfolio Update: Covering Shorts On Apple
Tiho Brkan | Jul 16, 2013 03:33AM ET
Before I start I would like to clarify the following: trades are something I undertake with minimal capital for maximum return and tend to hold for a few months to a few quarters. Investments, on the other hand, are where I place the majority of my capital, with a long term time horizon. If done correctly, buy & hold investments in secular bull markets always make much more return than any trade ever can. I see myself as a long term investor and believe that constant trading is detrimental to one's own capital and account position.
Here is another Portfolio update, which I do from time to time. Regular readers should remember that I opened my Apple (AAPL) shorts all the way back in August of 2012 - it has been almost a year now (time flies when you are having fun). During the post titled I have covered shorts on the pound , loonie and Apple for a profit. I remain short Aussie dollar / long Japanese yen and currently the Aussie is very profitable and the yen is very unprofitable, giving me somewhat of a neutral return. I believe the yen is oversold and could rally somewhat higher (massive short build could be squeezed) while I also believe that Chinese problems could send the aussie a bit lower into 80s handle. Finally, I remain short US equity sectors, and in particular Tech, but these trades are currently underwater and have not yet performed at all. Long term investments remain Silver and Sugar. There are a few other trades around.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.