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Joined: 28 Dec 2005 Posts: 11981
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Posted: Wed Mar 20, 2019 1:15 pm Post subject: Mar 20th Trading Log (Thu Trading Plan) |
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Mar 20th Trading Log (Thu Trading Plan):
It’s likely there will be a topping process or an immediate downturn. So, if the market opens high, I’ll buy SPY and QQQ May puts. There may be a 10 to 20 point SPY correction, after the big run-up. I plan to sell only 10 puts at a time, unless there’s an opportunity to buy more puts.
My portfolio is about $580,000 including $458,200 in cash.
Calls Contracts-Shares Long
GE Jan 8 2020 20
KHC Jan 30 2020 100
SLB Jan 40 2020 50
Puts Contracts-Shares Short
SPY May 282 2019 40
QQQ May 180 2019 40
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. |
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