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Joined: 28 Dec 2005 Posts: 11966
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Posted: Mon Feb 01, 2021 9:34 am Post subject: Feb 1st Trading Log (Updates & Tue Plan) |
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Feb 1st Trading Log (Updates):
Current Trades: Sold the 10 MSFT calls at 14. Tue Plan: I'm still away from computer in mornings. However, it looks like the market will open high and may sell off after tomorrow on the AMZN and GOOG earnings news after the close. I plan to sell the MSFT stock and buy QQQ Apr puts. Maybe buy TSLA AMZN and GOOG puts, although AMZN and GOOG puts are very expensive and will be much cheaper after earnings reported. So, I may buy those options Wednesday.
My portfolio is about $200,000 including $79,500 in cash.
Calls Contracts-Shares Long
MSFT 500 shares
Puts Contracts-Shares Short
None
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss suspended. Scaled up and adjusted portfolio. Both prior portfolios, since early 2000s, rose initially and substantially, and then failed quickly in “irrational” market “melt-ups," where stocks can go straight up month after month |
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