Monday, January 6, 2014

A Happy 2014!

A Happy 2014 to all! It's Monday, and after a great successful holiday season, it's time to go back to 'work' trading, which I've been doing for years and still having a great time doing. Last year, my portfolio increased by 41%, despite some pretty bad trades (like going short on Twitter), not record breaking but certainly not bad at all. I'm planning to make 2014 as successful, if not better than 2013, and hopefully you'll continue to read this trading blog in the new year!

So what keeps me busy this trading week? First of all, I'm very curious about Friday's jobs report, to see if the job market has improved in December. Though I'm usually pretty pessimistic about the global economy, I do expect the economy to improve even further in 2014. However, when it comes to stocks I still think that some (tech) stocks are still severely overvalued. Of course I'm talking about Twitter ($69? give me a break!), so I planning to short this stock this week. Not really paying attention to earnings reports this week, but stock hunting if you will, see if I can snatch up some great bargains. As far as currencies go, I still think the US dollar continues to gain strength, so keeping an eye out to short the EUR/USD or GBP/USD or go long the USD/JPY. In the mean time I'm managing the rest of my portfolio of course, but I'm easing myself into the markets again this week.

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