PeakTrader.com

[administrator]

Apr 12th Trading Log (Updates):

Current Trades: Sold the 2,000 BAC shares at 29.00, bought 500 BABA shares at 96.00, bought 10 more QQQ calls at 7.75, bought 500 more BABA shares at 95.00, bought 10 more QQQ calls at 7.25, bought 500 more BABA shares at 94.00, bought 20 more QQQ calls at 6.5, and bought 10 more QQQ calls at 6 -------- If QQQ and BABA open low or pullback in the morning, I'll buy more calls and shares. There likely will be enough volatility to capture some gains and scale back my positions. Next week is a monthly options expiration week, which also tends to be more volatile, along with more earnings. Bank earnings start this Friday. I may be busy in the morning, but will have time to set some limit orders.

My portfolio is over $2,785,000 including $2,604,800 in cash.

Calls Contracts-Shares Long

QQQ Apr 310 2023 70
BABA 1,500 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.