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Joined: 28 Dec 2005 Posts: 11966
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Posted: Thu May 19, 2022 6:48 am Post subject: May 19th Trading Log (Updated & Fri Trading Plan) |
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May 19th Trading Log (Updates):
Morning Trades: Bought 1 AMZN May 2,100 calls at 55, sold at 100, and sold the 1 AMZN 2,180 calls at 40. Current Trades: Bought 10 SPY Jun 390 calls at 11.5, sold the 3 AMZN 2,150 calls at 65, sold the 10 SPY calls at 13.75, and bought the 1 AMZN 2,100 calls back at 60 ---------- SPX closed at 3,900. The weekly SPX RSI is at 30, after eight weeks of SPX declines. It's likely SPX will hold the recent low at 3,858 and rally soon, perhaps to at least 4,300 in June. So, I plan to buy SPY AMZN and BABA calls tomorrow.
My portfolio is about $1,460,000 including $1,447,800 in cash.
Calls Contracts-Shares Long
AMZN May 2,100 2022 1
AMZN May 2,140 2022 2
Puts Contracts-Shares Short
None
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. |
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