PeakTrader.com Forum Index PeakTrader.com
Economics, Portfolio Optimization, and Technical Analysis
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
Log inFast Charts

Aug 16th Trading Log (Recap and Tue Trading Plan, Updated)

 
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Trading Log *All Categories Free For Limited Time*
View previous topic :: View next topic  
Author Message
arthur
Guest





PostPosted: Mon Aug 16, 2004 1:00 pm    Post subject: Aug 16th Trading Log (Recap and Tue Trading Plan, Updated) Reply with quote

Aug 16th Trading Log (Recap and Tue Trading Plan):

I sold SMH calls and bought DIA & QQQ puts on bounces, and bought SMH calls on a small pull-back. SMH fell from its high this afternoon. The market rallied on low volume, SMH didn't lead the rally, and the Dow rallied to resistance (i.e. near 10,000). So, I tend to believe the market will continue its downtrend over the next few weeks, although this week is options expiration week, which is typically a volatile week. If OEX rallies to about 530, this week, that may be an opportunity to buy Aug or Sep in-the-money puts for a quick trade. The performance of SMH may determine market direction (SMH seemed to follow the market higher today rather than lead the market). Updated the Top Stock Picks section.

My portfolio is over $885,000 including about $665,000 in cash.

Calls Contracts

SMH Nov 32.5 2004 500
SMH Jan 30 2005 200
SMH Jan 32.5 2005 400

Puts Contracts

QQQ Sep 35 2004 100
DIA Sep 100 2004 100
DIA Oct 98 2004 100

Portfolio at $500,000 on Jul 1st, 2003
Back to top
Display posts from previous:   
Post new topic   Reply to topic     PeakTrader.com Forum Index -> Trading Log *All Categories Free For Limited Time* All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by PeakTrader 2.0.8 © 2001, 2002