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Joined: 28 Dec 2005 Posts: 11982
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Posted: Thu Aug 08, 2019 4:13 pm Post subject: Aug 8th Trading Log (Fri Trading Plan) |
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Aug 8th Trading Log (Fri Trading Plan):
TLT fell from 143 yesterday to 138 today and closed above 140 1/4, which may be the trading range for a while. If TLT rises, I’ll buy more Sep puts. SPY may only be relieving an oversold condition. It may peak next week or two to three points higher. If it rises, I’ll buy more Oct puts. If HAL rises, I’ll start selling calls and may also start selling GE calls.
My portfolio is at $555,000 including $300,000 in cash.
Calls Contracts-Shares Long
GE Jan 10 2020 400
HAL Sep 20 2019 400
HAL Sep 22.5 2019 500
HAL Jan 25 2020 2,000
Puts Contracts-Shares Short
TLT Sep 140 2019 100
SPY Oct 290 2019 40
SPY Oct 295 2019 40
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss lowered to $500,000. Scaled up and adjusted portfolio. Both prior portfolios, since the early 2000s, rose initially and substantially, and then failed quickly in “irrational” market “melt-ups.” |
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