PeakTrader.com

[administrator]

Next Week Trading (Nov 16th):

Over the past month, GE declined almost every day from above 12 1/2 to below 8. I was able to minimize losses on volatility and make gains on other trades. So, I believe, my portfolio is in good shape and in position to make big gains into the end of the year. However, I’d like to see GE fall quickly and much further to buy cheap calls for a powerful V-shaped move. Maybe, it’s near the bottom anyway with a market cap below $70 billion (from $600 billion in 2000). I don’t expect GE to rise back to 12 1/2 over the next month. However, I expect enough volatility to make big gains and an uptrend to begin in late November or early December. Also, I think, QQQ and HAL can rise much higher. So, I’ll continue to buy all three on pullbacks.

My portfolio is about $350,000 including $181,900 in cash.

Calls Contracts-Shares Long

QQQ Dec 165 2019 70
HAL Dec 35 2018 200
HAL Jan 35 2019 400
GE Jan 10 2019 3,000
GE Mar 10 2019 600

Puts Contracts-Shares Short

None

Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $200,000. Stop loss will be strictly enforced and extreme caution will be taken if triggered to avoid large losses and preserve capital in "irrational" market periods.