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Joined: 28 Dec 2005 Posts: 11966
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Posted: Tue May 14, 2019 1:11 pm Post subject: May 14th Trading Log (Wed Trading Plan) |
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May 14th Trading Log (Wed Trading Plan):
Given the level of the market currently, it’s hard to predict direction. It may just be volatile this week. GOOG performed very poorly. However, the calls were much cheaper near the close to buy. Perhaps, volatility will be enough to make a gain. It may be best to be in cash, until the market overreacts.
My portfolio is at $750,000 including $559,800 in cash.
Calls Contracts-Shares Long
GOOG May 1,125 10
GE Jan 10 2020 200
OIH 10,000 shares
Puts Contracts-Shares Short
None
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $550,000. 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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