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Joined: 28 Dec 2005 Posts: 11966
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Posted: Tue Jan 08, 2019 1:58 pm Post subject: Jan 8th Trading Log (Wed Trading Plan) |
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Jan 8th Trading Log (Wed Trading Plan):
QQQ is near resistance and short-term overbought. I expect a trading range, and eventually will fall much lower, although it may rise towards 165 first. Also, I expect GE to make major changes quickly. So, GE can rise quickly at any time. Basically, I plan to take advantage of volatility to trade GE Jun or later calls and QQQ Mar puts.
My portfolio is over $415,000 including $293,300 in cash.
Calls Contracts-Shares Long
GE Jun 9 2019 300
GE Jun 10 2019 200
GE Jan 10 2020 400
Puts Contracts-Shares Short
QQQ Mar 160 2019 50
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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