administrator Site Admin
Joined: 28 Dec 2005 Posts: 11980
|
Posted: Wed Nov 07, 2018 3:15 pm Post subject: Nov 7th Trading Log (Thu Trading Plan) |
|
|
Nov 7th Trading Log (Thu Trading Plan):
I’ll likely be away from computer after the market opens tomorrow. However, if GE falls further, I’ll buy more Jan calls, or if it rises, I may sell some calls. Eventually, GE will bottom and then rally. At that point, huge gains can be made quickly, although there will be big losses till then. Also, if SPY rises, I’ll buy more puts, in case of a substantial pullback or volatility.
My portfolio is over $350,000 including $257,700 in cash.
Calls Contracts-Shares Long
GE Jan 10 2019 600
GE Jan 11 2019 3,000
GE Jan 12 2019 1,000
Puts Contracts-Shares Short
SPY Nov 280 2018 20
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. |
|