PeakTrader.com

[administrator]

Next Week Trading (Nov 6th):

SPX closed the week at 3,770. A volatile trading range is likely next week, e.g. 3,700 to 3,800. However, I plan to trade only BABA and TLT. I'll be busy in the mornings, but will have a little time for trades or resetting limit orders. If BABA falls two or more points, I'll buy more calls. If it rises above 74, I'll sell part of the position. I'll buy more TLT shares at 94.00, 93.00, etc., or sell at 99.00 or higher. The daily NYMO is at positive 49. Eventually, it will fall below negative 50. That's when I'll come back into the market and start buying heavy call positions, e.g. on SPY and QQQ, along with some individual stocks, depending on their price at the time (which I'll post later).

My portfolio is over $2,345,000 including $2,070,400 in cash.

Calls Contracts-Shares Long

TLT 2,000 shares
BABA Jan 70 2023 20
BABA 1,000 shares

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.