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Joined: 28 Dec 2005 Posts: 11966
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Posted: Tue Apr 16, 2019 12:57 pm Post subject: Apr 16th Trading Log (Wed Trading Plan) |
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Apr 16th Trading Log (Wed Trading Plan):
I’ve been cautious, mostly avoiding shorter-term puts, and watching my cash position over the past month, because I’ve lost a lot of money fast before on “melt-ups.” At this point, there may not be much upside left and volatility may pick-up. SPX reached the 2,912 target and may make a new closing high above 2,930. I’ll be looking to buy more SPY Jun puts. Also, perhaps, SMH May puts, AVGO May puts, and VXXB Apr calls.
My portfolio is about $580,000 including $383,400 in cash.
Calls Contracts-Shares Long
VXXB Apr 24 2019 100
GE Jan 8 2020 100
Puts Contracts-Shares Short
SPY Jun 290 2019 300
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $450,000. 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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