Perhaps we are. All three pairs that we closed between 6.5% and 8% range went on to make more than 11% eventually. Well, we are probably closing out a little too soon.
On a separate note, the strategy has a stop loss at 15% on each pair. At this point no single pair has reached that stage. RS/SID is getting close though. If you have a lower risk appetite, you could close out at the current loss of 10%. Steel companies in US were hit by Areclor's poor results. SID, based in Brazil is not hit as much.
No comments:
Post a Comment