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Joined: 28 Dec 2005 Posts: 11982
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Posted: Wed Jan 09, 2019 1:50 pm Post subject: Jan 9th Trading Log (Thu Trading Plan - Update) |
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Jan 9th Trading Log (Thu Trading Plan):
The stock market remains overbought. The daily NYMO rose from below negative 110 on Christmas Eve to above 110 yesterday, which may be a record and certainly the highest over the past five years. I plan to buy QQQ puts on bounces. I expect a significant pullback or volatility. Update: The daily NYMO closed at about 118 today. QQQ may fall several points.
My portfolio is over $415,000 including $258,500 in cash.
Calls Contracts-Shares Long
GE Jun 9 2019 300
GE Jan 10 2020 400
Puts Contracts-Shares Short
QQQ Feb 160 2019 50
QQQ Mar 160 2019 100
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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