Investing Journal - T2S

bought back INTC 25 call @ like $0.02 last week and just sold sept22 INTC 23 call, basically looking to close this position this week.

I just sold all my shares of GE at $22

My other two holdings have already itm calls sold expiring this week, looking to be all cash by friday.
 
rethinking my strategy. Normally my strategy has been to call big moves in the market and pick relatively high beta stocks with large market caps.

In the last 2 years I've called every big move (over 5%) correctly, however some of my stocks have been getting killed in the process.

Thinking about sticking with calling big moves (swing trading) but switching to etfs (I can't margin on etfs).

Any opinions/comments are more then welcome.
 
Yeah, I learned a lot about correlation risk this year. My research led me to the conclusion that:
a)if I'm trading index to simply trade that as that is what I'm looking at.

Or b)cut my size in single stock name to a miniscule amount where I can ride a 20% loss in the equity as a minor acct loss, say 2%.

I've historically been in index but switched to single names this year, and have paid for it dearly this year.
 
Right, I am strongly leaning towards index etfs at this point. My only concern is the inability to go margin on etfs until I've held them for 30 days ( a lot of my positions don't even last 30 days ). Is this the current landscape for all firms or is this just a rule my firm has?
 
Quote from Took2Summit:

Just wanted to do a quick update:

Personal life took a turn for the worst back in April and I lost my job. I've had to withdraw ~9k to stay afloat. I am now gainfully employed yet again and look to build account up fast as I am making twice as much as I was at old job. I also intend to be active again in this journal.

Current account @ $23,123 (reflecting the 9k withdraw, would be at high water mark without that)

Current holdings:
DD @ $48.57
GE @ $21.20
INTC @ 26.79
UTX @ $73.96

I also managed to rack up about 4k in credit card whiel unemployed, knocking that out will be first order of business then i will be depositing heavily into these accounts.
More...

Sorry to hear that you lost your job but happy to hear you found Another.

Don't let the withdrawals get you down or detract from your performance in this thread.
 
opening up CSCO here at 18.97. I like everything about this stock right here. It's been religiously holding it's gap up that happened on 8/16. It's trading for single digit FPE, and has projected 10% earnings growth rate in current environment. To top it all off it has a 3% dividend yield.

Oh ya and it's an industry leader that's been consolidating for 10 years.

Big position here.
 
bought back my UTX call just now as UTX neared 80 which was my strike.

I am letting INTC and DD get called away.

Current account is $23,023

my position in INTC is one of the largest ones I've taken and I lost 14% on it, At least I'm still near high water mark thanks to my other selections.
 
just opened CAT here @ 86.86. i like the higher highs and higher lows as well as the it appears to be in an uptrend in the 6 month chart. it's also pretty attractively priced atm.

Will be watching this one closely and not afraid to dump it if it starts going against me.
 
You must log in or register to reply here.
Back
Top