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  1. K

    Journal of Poor Recent College Grad

    Been a few weeks away on vacation. Now I'm back home studying for the GMATS - kinda. Anyway, my real positions are looking real good: 100 ELN +$500 1 ELN 2.5 '08 C +$400 2 MSFT 25 '07 C +$160 2 MO 70 '07 C -$140 I'm confident that the MO pos will turn around and show a big profit...
  2. K

    Journal of Poor Recent College Grad

    Started looking at some B-Schools and I got a lot of research to do. I was hoping maybe someone in a similar situation has already done some of that. What schools and specific programs would be beneficial to work on a trading desk for a Goldman/JPM/Meryill? Or is an MBA even really sought...
  3. K

    Journal of Poor Recent College Grad

    I'm going to start looking for an exit on the MSFT trade. The Bill Gates memo made me look a little closer at this security. Original intent of this trade was to ride the Xbox/Vista ride for a few bucks. Xbox will begin selling on Nov. 22??(I think) Looking at the technicals; RSI is...
  4. K

    Journal of Poor Recent College Grad

    Hey man, I sent you a Private Message, not sure if you got it. Let me know how things go and if you want to grab a drink in Boston. Its my last week here!
  5. K

    Journal of Poor Recent College Grad

    BWC, One thing I should state; I really enjoy the Baltimore/DC area (went to school in Baltimore) however the Tri-State area is home to me. And in the center of it all, is the Milford Plaza, no jk-manhattan. What a place! And that's where I want to be heading. Now having said that, I have...
  6. K

    Journal of Poor Recent College Grad

    BWC, That's not a bad idea at all. My mom is actually a part time realtor in the DC area. I'm assuming you pursue something like this? I read an interesting post looking for brokers in the high-end manhattan real estate. This obviously could be a lot of bull but it had a link to an...
  7. K

    Journal of Poor Recent College Grad

    I think undercapitilization is rated as the number #1 reason for failure when it comes to trading (maybe I just saw that on ET) Daytrading is tough, I liken being successfull in daytrading to becoming a big time movie star. Many try, few succeed. I've expanded my time horizon in the $5K...
  8. K

    Journal of Poor Recent College Grad

    Multioption, Unfortunately my last day at work is this Friday. I plan to continue trading this $5K account. I'm not going to jump into trading full time. My likely course of action is to complete my GMAT's, apply to full time schools, see where I get in. I've been having some discussions...
  9. K

    Journal of Poor Recent College Grad

    Your dead on about FOREX, unless you want to sit in front of the screen and watch your trade tick by tick, its just too volatile for me. To be honest, I know little about the emini's. I hear there is greater liquidity and hence less opportunity for manipulation. But I guess it boils down to...
  10. K

    My Options Play

    There are some real smart options traders on this post (one or two assholes, but don't let that stop this thread!) Anyway, if one of you guys have a chance, please check out my journal and especially the paper account. I would love a critique of my open positions from some experienced traders...
  11. K

    Journal of Poor Recent College Grad

    I wanted to post my paper account as well and illicit some feedback. Beginning Balance: 100K Started: 8/05 Take a look and then read the rest of this post: DNA - Looking to close this position soon, not comfortable with DNA's prospects of closing between 90-95. MRK & ECA -...
  12. K

    Journal of Poor Recent College Grad

    11/4/05 B (2) MSFT Jan. '07 25 Calls MSFT crossed its 200 day MA few days ago. Good story with XBOX allready sold out, Vista, etc. Gotta see if it meets/beats expectations on sales. This is more buy the rumor sell the news type trade. Looking closely at the financials. Specifically JPM...
  13. K

    Journal of Poor Recent College Grad

    Hi guys, I'm looking at the JDSU covered call trade as more of an investment. I know its an extremely small amount but the ROR is excellent; B 500 shares @ 2.35 = $1,175 S 5 Jan '07 2.50 Calls @ .70 = -$350 Total Cost: $825 Return if Exercised: 45% Return if unchanged: 37% BE point...
  14. K

    Journal of Poor Recent College Grad

    Question: It seems aparent that in trading, and in most things in life, a mentor can be invaluable in learning the game. How does one go about finding a mentor? Here is where I think most people find them: 1) Current job (Prop, Wall Street firm, etc.) 2) Friend or Relative 3) Paid...
  15. K

    Journal of Poor Recent College Grad

    Only one order today: Covered Call: Buy 500 JDSU Sell 5 JDSU 2.50 Jan '07 Was looking for a net debit of 1.50, then upped it to 1.60. The calculated return: Unchanged: 31% Exercised: 48% NO FILL Long time to wait but the returns speak for themselves. I just don't have the...
  16. K

    Prop Shops in Boston?

    Check on craigslist under jobs in Boston. There is a prop firm that advertises and also a currency prop trader.
  17. K

    Journal of Poor Recent College Grad

    I'm going to start a journal to track my trades, mostly for myself, but hopefully there are others that are in a similar situation or in a position to help. Here goes: Bio: 25, male, Boston (moving to D.C. [Boston is weak]) Hometown: Fairfield County, CT College: Johns Hopkins Occupation...
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