A profitable journal with all entries/exits posted in advance

1

1a2b3cppp

My old thread got to be too long so I wanted to start a new one.

I will be trading SPY and SH. Maybe some options. Maybe.

Timeframe is days/weeks/months. I haven't traded intraday in over a year.

I'll post P/L charts daily like I did in my last thread.

Limit order to buy 100 SPY @ $138.

edit - fixed typo. I originally said "SSO" but I meant "SH." Sorry for the confusion. I will be trading SPY and SH (inverse SPY).
 
Entry filled right before the close.

7/31:

Open position:
SPY: -$36.00

No chart today because it would only have one data point on it.
 
8/1/2012

Open position:
SPY: -$48.00

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Considering selling a SPY option, of course the problem is I have no idea if price is going to keep going up or not.

A $140 call right now would give me a max of $200 of profit (since I bought my SPY at $138) plus the $124 premium. That doesn't include commissions.

Of course if price goes to $145 by expiration then I missed out on an additional $500. And if price falls to $135 or whatever then I get to keep my shares (which I would do anyway) plus the premium.
 
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