Staying in touch with trading trends is a challenge for all traders. Many of us have favoured trading instruments, and sometimes miss trading opportunities in other asset classes or securities. It can be frustrating to see markets moving while your own positions do little.
So, what instruments are the most profitable traders focussing on? This list is all instruments traded by CMC’s most profitable traders over the last week:
Note the number of commodities favoured by the most successful traders – these markets are moving rapidly. While this demands strong trading discipline to limit losses, it also offers larger profit potential.
Other notable inclusions in the list are USDJPY and the Hong Kong 30 Index. Actions by the Bank of Japan makes Yen a focus for traders. The reasoning behind the popularity of the HK30 is less clear – it may relate to the channel break out on the daily chart.
Overall positioning points to a number of trading themes:
Note the overall long in shares versus the short postion in indices – suggesting at least some traders are hedging long stock positions with short index trades. Commodity positioning is now neutral, and the short positions in bonds remains.
I’m interested to hear from traders – what are you trading, and why?