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Joined: 28 Dec 2005
Posts: 11980
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 Posted: Thu Oct 11, 2018 1:32 pm Post subject: Oct 11th Trading Log (Fri Trading Plan) |
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Oct 11th Trading Log (Fri Trading Plan):
The weekly calls I had were dumped for almost nothing yesterday and opened much higher. The market was volatile during the day and closed much lower. The daily NYMO closed below negative 80 yesterday. I expect a rally tomorrow, but also tremendous volatility again. Nonetheless, I plan to be much more cautious, because the weekly calls expire after tomorrow. So, later in the day, I’ll mostly focus on GE calls. I plan to buy 2019 calls on pullbacks. There may be opportunities to trade GE for gains.
My portfolio is about $625,000 including $294,200 in cash.
Calls Contracts-Shares Long
SPY Oct 274 2018 400 weekly
GE Jan 15 2020 2,000
Puts Contracts-Shares Short
None
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $200,000. Stop loss will be strictly enforced and extreme caution will be taken if triggered to avoid large losses and preserve capital in "irrational" market periods. |
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