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Joined: 28 Dec 2005 Posts: 11966
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Posted: Wed May 24, 2023 5:10 am Post subject: May 24th Trading Log (Recap & Thu Trading Plan) |
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May 24th Trading Log (Updates):
Current Trades: Bought 1,000 more BABA shares at 82.00, sold the 100 QQQ puts at 11.6, bought 100 QQQ Oct 330 puts at 15, and bought 10 NVDA May 26 320 puts at 20 -------- NVDA rose over 60 points above 365 on earnings in after-hours. QQQ also rose over four points. Tomorrow may be an opportunity to trade QQQ and NVDA puts, because of profit taking and volatility? - perhaps to partially make up recent losses. Been basically on worse losing streak over past week or so in at least 1 1/2 years.
My portfolio is over $2,710,000 including $1,630,500 in cash.
Calls Contracts-Shares Long
TLT 5,000 shares
BABA 5,000 shares
Puts Contracts-Shares Short
QQQ Oct 330 2023 100
NVDA May 320 10 26th
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss at $2,500,000. 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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