Deep in my heart I am a contrarian. Whether its investing or anything else, usually I like to take the opposite side of the consensus. For this reason, I have been attracted to the Russian stock market for a couple of years. I'm a big reader of Jim Rogers, and I listen to any new YouTube video he appears, and he initially got me started in Russia in 2015.
With Russia hated by so many in the US, its easy to miss the great investing opportunities in Russia. For starters, their market PE ratio is only 5.67, compared to the US 27. Secondly, Russia has a ton of agricultural land that is poised for growth and innovation. I am trying to find a way to play Russian Agriculture specifically, but as of right now, I haven't found a reliable answer. If one of y'all has any ideas, please let me know!
Nevertheless, looking at the weekly charts, RSX has been beaten up since 2011.However, RSX did just break its 200 MA in a bullish manner, so I took the long side at 20.78 with a stop loss at 19.31, I am currently risking 0.50% of my capital on this trade. I have moved up my stop a little bit as the share price rises.
Regardless of what happens to Russia, I am very comfortable with this trade and expect it to deliver asymmetric results. If not, I lose less than 1% of my capital.
All the best,
RC
With Russia hated by so many in the US, its easy to miss the great investing opportunities in Russia. For starters, their market PE ratio is only 5.67, compared to the US 27. Secondly, Russia has a ton of agricultural land that is poised for growth and innovation. I am trying to find a way to play Russian Agriculture specifically, but as of right now, I haven't found a reliable answer. If one of y'all has any ideas, please let me know!
Nevertheless, looking at the weekly charts, RSX has been beaten up since 2011.However, RSX did just break its 200 MA in a bullish manner, so I took the long side at 20.78 with a stop loss at 19.31, I am currently risking 0.50% of my capital on this trade. I have moved up my stop a little bit as the share price rises.
Regardless of what happens to Russia, I am very comfortable with this trade and expect it to deliver asymmetric results. If not, I lose less than 1% of my capital.
All the best,
RC