Investing Journal - T2S

just sold GIS for a 12% profit in 2 months and doubled down on my IBM at 187.38.

This is the move that will make or break me. got my fingers crossed IBM sees 220 by year end.
 
Account balance: $62,367
Total Deposits: $42,000

August was slightly better then July. I am now ahead of SPY for the third quater. My return for the quarter so far is 0.84% while the SPY is 0.10%. Not exactly exciting stuff but keeping in mind I did 12.7% vs SPY 2.91% in the second quarter I can't expect every quarter to be like that.

I've had 3 pretty big losers and am actually surprised I'm not doing worse then I am. My biggest loser so far is by far DLR. I still believe this will turn around and am content holding this long term to extract the value out of it, while selling puts in the meantime. IBM and PM have also been rather large losers. CAT hasn't been a loser in nominal values but seeing as I have about 15% of my portfolio in it and it's been down 1.6% this year while SPY has been up 18.3%..my patience is growing thin with CAT.

Overall I am now slightly behind my goal of reaching 100k by years end. I am including my 401k which has about 14k in it and I am anticipating it to have 18-20k by years end. So this account basically needs to reach 80k by Dec 31st.
 
Account balance: $65,231
Deposits: $43,000

Had a pretty great week. My top 4 holdings all reacted quite well this week. Those 4 being DLR, IBM, CAT, PM. Unfortunately even with the big week in all 4, I'm just barely green in CAT and IBM and I'm still slightly red in DLR and PM. So still a lot of work to be done.

Cash position has been building up and looking at some opportunities to deploy.
 
Quarterly update
Account balance: $66,856
Total Deposits: $45,000

3 quarters of the year are now complete. I have a total return on the year of 28.61% vs the S&P total return of 19.79%. I should also note that I have used zero margin so far this year. I am somewhat satisfied with this out performance. The third quarter itself was a little disappointing. None of my holdings are working out quite how I'd like them to, that said I've avoided any complete disasters, although DLR came close to one. I underperformed on the quarter by about 1.8%.

I haven't been posting my trades much lately but don't think it's very important. I will say I took a large position in CAG recently at about $30.80 after the large month and a half self off the stock saw. I also got back into TGT at $63.45ish yesterday, this is after selling TGT at 70 (due to a covered call of 70 being exercised) earlier this year. I am pretty completely out of cash at the moment, but may be looking to raise cash when the opportunity presents itself.

The only sale I've done recently was GD today. I booked a 38% gain on GD which marks my single largest gain on a swing trade but have held it since November 2012.

Here's to hoping for a great last quarter, I'll need it if I am to break 100k by years end.
 
Wanted to post an interesting comparison. One picture is my roth which I trade more frequently and one is my taxable account which I do more long term trades. I try to limit my trades in my taxable to avoid paying more taxes than necessary. However, I may need to re evaluate as the out performance could very well be worth it.
 

Attachments

ARCP up 4% since I bought it yesterday, this is when I get into a bad spot. A big part of me knows I should take the 4% in under 24 hours, but I originally buy this as a swing trade to 15ish..
 
just bought more IBM, IBM now represents about 12% of my total portfolio, will add more at 165 and 155 if allowed.

ARCP is now up about 5%

looking to sell oxy around 100 and afl around 70
 
You must log in or register to reply here.
Back
Top