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$100K Paper Trade Journal 6/29/18 - 09/01/18
- Thread starter vanzandt
- Start date
Gotta take my medicine on this one. Bad earnings play.
Looks like $3600 loss.
Account balance is $106,200 with the ETSY calls valued @ $4.10
No trades in awhile... ETSY sold off a bit yesterday, those $40 calls are $2.90 now.
Remember VMC? They reported today. Missed. Go figure. What they blame it on? What did I say would happen. Diesel fuel killed em. They don't hedge, operations are all local. And they burn oceans of diesel. It was a no brainer with the cost per gallon up 30% yoy.
$112 is where it closed.
I sold out for this contest when it was llike $124.
Good thing for Desterio I sold out... that would be $92,000.
Minus $7.70/contract. So like $61K on 40 contracts.
"Same-store unit cost of sales (freight-adjusted) increased 1 percent versus the prior year quarter as fixed cost leverage and other operating efficiencies mostly offset the 30 percent increase in the unit cost for diesel fuel".
Remember VMC? They reported today. Missed. Go figure. What they blame it on? What did I say would happen. Diesel fuel killed em. They don't hedge, operations are all local. And they burn oceans of diesel. It was a no brainer with the cost per gallon up 30% yoy.
$112 is where it closed.
I sold out for this contest when it was llike $124.
Good thing for Desterio I sold out... that would be $92,000.
Minus $7.70/contract. So like $61K on 40 contracts.
"Same-store unit cost of sales (freight-adjusted) increased 1 percent versus the prior year quarter as fixed cost leverage and other operating efficiencies mostly offset the 30 percent increase in the unit cost for diesel fuel".
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This could possibly be the worst trade of all time. If there was ever a breakout chart....
