Investing Journal - T2S

Week ending balance: $28,495
wow gain: 1.6%
spy wow gain: 1.3%
total deposits: $14,200

No trades on at the moment apart from my buy and hold trades. likely not putting any trades in next week as I think the market is starting to get a little over done.

Just another quick explanation of current account make-up. I have 100% invested in buy an hold positions at the moment. And I will use margin when I see high conviction trade which is what I did with my OXY trade I had in. So right now I have no margin, but still 100% invested in my companies I listed a couple months ago.

I also have a new goal of having this account $100k+ by Sept 27th 2014 (my 27th birthday). Since I was about 15 I had a goal of having $1m by the time I was 30. I was on pace all up until 2012. Last year was a rough year for me I was unemployed for 5 months, and supported my fiance and myself during this time so had to eat away a large part of savings plus no additional inflows to trade. I am revising $1m goal to around 32-33 for now. I want $5m by the time I am 40 in which case I will retire from 9-5 and either do part time work (that I enjoy) or just live off portfolio.

Best of luck to me :)
 
just popped 2k in here

Current account value: $30,518
Total deposits: $16,200

Been scanning the markets everyday for hours and not seeing much attractive longs atm. I may have to change my policy of no shorts during times like this.

Will update if any trades made.
 
Account value: $30,619
WoW Gain: 0.43% (not including 2k deposit)
SPY WoW Gain: 0.72%
Total deposits: $16,200

Got cash burning a hole..hoping the market does something soon!
 
just deposited $200 to make total deposits $16,400

Reason for doing this was I was about $200 short of selling an AFL March 16 P @ 1.30 which is a trade I just placed.

I also bought some shares of AFL before the earnings release so that trade has gone against me so far. Now have a full allocation on this trade and hope to see it turn around :D
 
Account value: $31,750
Total deposit: $17,400

Had to deposit another $1000 which I didn't want to do so early. I am trying to keep my deposits to the first of the month. I transfered 5k to my roth a bit ago which brought my brokerage account down to about 9.3k. I placed the cash secured put on AFL on the phone and the idiot let me do the trade. I got a call the next day saying brokerage accounts have to have 10k to do cash secured put so I essentially got a margin call. So I had to stretch myself thin and deposit another 1k or else eat commissions and a possible poor forced exit on my AFL put. Pretty unhappy how I wasn't told before I put the trade but it ended up working out in the end. I just hope the market doesn't puke and put me under 10k before I get paid on the 15th.

Not going to do weekly performance vs s&p this week. Will do it next week.

Current trades on:
AFL 50 March 16th P @ 1.30
 
Account value: $31,845
Total deposits: $17,400

Still in big AFL trade. I think it's starting to turn around and don't see much downside from here.

Starting to look more closely at OXY again even though it's above what I previously sold it at I like the action it's starting to show.
 
Account value: 31,899
deposits: 17,400

just sold 80% of my buy and hold stuff. pretty much just holding AFL, a little NSC, and a little CAT.

80% cash now.
 
Account balance: $31,927
Deposit: $17,400

currently at 9.01% YTD vs SPY 6.61%. I think these next couple weeks will be pretty big in my yearly out performance. Obviously I am hoping for a big crash. I have about $25,000 cash right now that I will be using if we get a good correction, and will margin out if we get a great correction.

currently holding relatively small portions of (to avoid short term tax):
AFL
CAT
GD
GE
NSC
AFL50 March16 Put@1.21 currently@ 0.60
 
bizarre last 6 months for NSC..

http://finviz.com/quote.ashx?t=nsc&ty=c&ta=1&p=d

I posted the purchase date in my journal but I literally bought NSC at the very bottom of that chart and have held it all the way up til now. NSC has been my biggest winner ever, partly because I've held it for the entire run. I just wish I had more then 10% of my portfolio in it. Oddly I think NSC still has some more room to run. up about 29% on it since buying it November 28th for 57.50.

looking much more closely at adding to CAT and getting back into OXY..both look shaky from a technical point of view but both look great from fundamental point of view.

Both CAT and OXY are forming the second shouldar of a bearish head and shouldar pattern..kinda waiting to see what happens. CAT does have some support right here from the gap up though.

No trades yet but may pull the trigger soon here.
 
You must log in or register to reply here.
Back
Top