PeakTrader.com

[administrator]

Mar 19th Trading Log (Fri Trading Plan):

Given the market remains severely oversold with likely heavy short selling, a 20 point SPY bounce is possible. Of course, we'll likely have a steep contraction in GDP in Q2. There may be a SPY bounce first before a steep fall, although volatility will likely continue. I plan to focus on SPY QQQ and HAL. OXY may be a buy below 10.

My portfolio is about $210,000 including $155,600 in cash.

Calls Contracts-Shares

SPY Apr 240 2020 10
HAL 4,000 shares

Puts Contracts-Shares Short

QQQ Apr 180 2020 10

Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss suspended. Scaled up and adjusted portfolio. Both prior portfolios, since early 2000s, rose initially and substantially, and then failed quickly in “irrational” market “melt-ups," where stocks can go straight up month after month.