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Joined: 28 Dec 2005 Posts: 11980
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Posted: Wed Dec 19, 2018 1:23 pm Post subject: Dec 19th Trading Log (Thu Trading Plan) |
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Dec 19th Trading Log (Thu Trading Plan):
Many indicators show the market is extremely short-term oversold. The Fed announcement was hawkish. However, that was needed to keep inflation expectations low. The Fed may actually pause raising rates. The market should realize that soon and rally strongly. Also, the stock market lost around $4.5 trillion in market cap, since early October, although the Fed is retiring bonds only at $50 billion a month.
My portfolio is over $350,000 including $176,700 in cash.
Calls Contracts-Shares Long
SPY Jan 252 2019 20
SPY Jan 254 2019 50
SPY Jan 256 2019 70
SPY Jan 258 2019 20
AAPL Jan 165 2019 40
GE Mar 8 2019 1,000
GE Jun 9 2019 200
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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