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Joined: 28 Dec 2005 Posts: 11966
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Posted: Mon Dec 17, 2018 2:01 pm Post subject: Dec 17th Trading Log (Tue Trading Plan) |
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Dec 17th Trading Log (Tue Trading Plan):
I’ll be away from computer after the first hour or two after the market opens for the rest of day. However, if I see big moves up or down on SPY or GE, I’ll trade. After two big down days in a row, I expect a bounce, perhaps a big bounce, since the Dow Jones is down about 1,000 points in the last two trading days. I plan to focus only on SPY and GE calls.
My portfolio is about $325,000 including $130,400 in cash.
Calls Contracts-Shares Long
SPY Jan 256 2019 70
SPY Jan 258 2019 70
GE Mar 7 2019 400
GE Mar 8 2019 1,500
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. |
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