Cash is king.....

I have moved most of my trend trades to cash in light of the current uncertainties over the Greek situation. I think that there could be a lot of volatility over the next couple of weeks which could adversely affect my positions. Admittedly things could go the other way too (well, that is) and I could rue the day that I made this move.

I do still hold quite a number of equities, and as per my last post, I see commodities as being a good longer-term play, and will continue to hold these. All of my CFDs are now closed. I have updated the stop-losses on my equity positions that are still open so that they will close out automatically if necessary.

Have a great weekend!