Joined: 28 Dec 2005
|Posted: Thu Jan 10, 2019 2:41 pm Post subject: Jan 10th Trading Log (Fri Trading Plan)
|Jan 10th Trading Log (Fri Trading Plan):
The daily NYMO has been a most reliable indicator at extremes. So, I expect a significant pullback soon, perhaps into the weekend. Nonetheless, there should be volatility. I plan to trade QQQ weekly puts that expire after tomorrow, and perhaps, after next Friday. I believe, I can eventually make big gains with more leverage. Stop loss (below) raised.
My portfolio is at $430,000 including $282,000 in cash.
Calls Contracts-Shares Long
GE Jun 9 2019 200
GE Jan 10 2020 400
Puts Contracts-Shares Short
QQQ Jan 162 2019 100 weekly 11th
QQQ Jan 163 2019 20 weekly 11th
QQQ Mar 160 2019 100
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $300,000. 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.