Trade ideas are provided as a guide only. Market Matters is not investing in these ideas as we do our other suite of available portfolios. If trades are updated through the week, these updates will be flagged as an alert on the home page of the website. Separate emails or SMS messages will not be sent for Shawn’s Trade Ideas. The ideas are General in nature only.
- Existing positions plus new and past trades can be found on the MM website.
New ideas and changes to positions/stops and orders are posted on the MM Site as they unfold.
We have no open position at the start of this week after the Endeavour (EDV) position was stopped out the day it reported. The last 4 trades have resulted in losses, albeit relatively small, illustrating the weakness across the ASX which is main reason we have been fairly inactive of late. Prop Traders as Shawn was at Goldman Sachs tend to make the majority of money in a short period of time, not losing during other times is critical to underlying performance. We expect to have more positions in the coming weeks, but patience when trading is important.
