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Joined: 28 Dec 2005 Posts: 11966
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Posted: Wed Jan 16, 2019 3:58 pm Post subject: Jan 16th Trading Log (Thu Trading Plan) |
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Jan 16th Trading Log (Thu Trading Plan):
The daily NYMO closed about one point higher at 85. The daily NYMO has been the most reliable technical indicator. However, it hasn’t worked well this time, at least so far. Still, it suggests a greater market pullback. So, if the market opens high, I’ll buy SPY and QQQ puts. Also, I plan to buy more GE and SLB calls on pullbacks. OIH stock may be a longer-term buy.
My portfolio is over $435,000 including $326,400 in cash.
Calls Contracts-Shares Long
SLB Feb 42.5 2019 50
GE Jan 10 2020 400
Puts Contracts-Shares Short
SPY Feb 260 2019 50
SPY Feb 265 2019 40
QQQ Feb 165 2019 20
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $300,000. 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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