administrator Site Admin
Joined: 28 Dec 2005 Posts: 11982
|
Posted: Wed Feb 27, 2019 1:46 pm Post subject: Feb 27th Trading Log (Thu Trading Plan) |
|
|
Feb 27th Trading Log (Thu Trading Plan):
Warren Buffett bought KHC at 72.50 in 2013 and has stated he’s not selling or buying it. He’s holding and believes it’ll be much higher in 10 years. I believe, it can rise several points later this year and plan to add more on pullbacks. Also, PGNX is too depressed, given it has earnings and new drugs in the pipeline for a small cap biotech. The market may be consolidating, and may pullback later than I expected. So, I’ll be cautious with SPY puts.
My portfolio is about $515,000 including $274,000 in cash.
Calls Contracts-Shares Long
GE Jan 8 2020 100
KHC 4,000 shares
PGNX 4,000 shares
Puts Contracts-Shares Short
SPY Apr 280 2019 50
SPY May 280 2019 20
SPY Jun 280 2019 20
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $400,000. 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. |
|