nycderivtrader journal

Lobster,

If you read all the way through these pages, you will see that I first started with a shorter term strategy focusing on momentum. After some helpful encouragement, I changed my investment pick strategy to a way that I would actually invest my money.

I have searched using fundamentals and have since done very well. This is sound investing and they way I will invest when I have more experience. The only difference is that I expect to be selling calls on some of my stocks in the future (which I can not do on my fund).

Would love to hear what similarities you found between my previous mistakes and your own.

nycdt
 
Quote from nycderivtrader:

The only difference is that I expect to be selling calls on some of my stocks in the future (which I can not do on my fund).
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I believe selling premium will make you a lot of money. You might want to consider selling puts instead of selling calls and buying the underlying. It's quicker, easier, and should incur a lower commission cost.

Quote from nycderivtrader:


Would love to hear what similarities you found between my previous mistakes and your own.
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Buying a stock on the first day of a big selloff. It's just not worth it (in general). What it boils down to is you're fighting the trend. The most noteworthy exception to this rule is (as you have apparently discovered for yourself) if you sell a naked put (or buy the stock and sell a call). I used to trade naked MO puts last year. They would sometimes jump intraday from $1.10 to $4.20 and back to $1.80 and stuff like that.
 
DOW 9586.20 +82.90 (+0.87%)
NAZ 1888.62 +30.38 (+1.63%)
S&P 1031.64 +10.25 (+1.00%)

Change for day: +1.16% = +$13,590.16

Yesterday's Values:

Value: $1,183,996.06
Cash: $232,537.16
Stock Value: $951,458.90


Today's trades:
Sold 880 CCRT for $16,171.36
Sold 2300 FMT for $$31,012.94



Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
SGMS 3,000
IMR 6,800
ALFA 3,100

Value: $1,197,586.22
Cash: $279,544.22
Stock Value: $918,042.00

Got out of CCRT and FMT, had achieved my goals. Will look to further reduce and find more suitable companies for the correction I am forecasting.

Change for day: +1.16% = +$13,590.16
10% Goal per month, by 9/15/03 1.2M, requires .2% return from here.


nycdt
 
DOW 9507.20 -79.00 (-0.82%)
NAZ 1873.43 -15.19 (-0.80%)
S&P 1023.17 -8.47 (-0.82%)

Change for day: -1.70% = -$21,290.85
Yesterday's Values:

Value: $1,197,586.22
Cash: $279,544.22
Stock Value: $918,042.00


Today's trades:
None


Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
SGMS 3,000
IMR 6,800
ALFA 3,100

No trades today- may want to take my losses and run- seems like people are getting out of stocks.


Value: $1,176,295.37
Cash: $356,644.37
Stock Value: $819,651.00


Change for day: -1.70% = -$21,290.85
10% Goal per month, by 9/15/03 1.2M, requires 2.01% return from here.


nycdt
 
DOW 9420.40 -86.80 (-0.91%)
NAZ 1823.81 -49.62 (-2.65%)
S&P 1010.92 -12.25 (-1.20%)

Change for day: -.59% = -$6,991.80

Yesterday's Values:

Value: $1,176,295.37
Cash: $356,644.37
Stock Value: $819,651.00


Today's trades:
None


Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
SGMS 3,000
IMR 6,800
ALFA 3,100

Still expecting more downward movement, especially because tomorrow is the 11th.


Value: $1,169,303.57
Cash: $356,588.57
Stock Value: $812,715.00


Change for day: -.59% = -$6,991.80
10% Goal per month, by 9/15/03 1.2M, requires 2.62% return from here.


nycdt
 
Very interesting.....

Apparently you are on your way to the goal, that's 10% gain a month.

Based on that return, with one million dollars in a year you will get to 3.1 million, in two years you will amassed 9.7 million. That's very cool:-)
 
DOW 9459.70 +39.30 (+0.42%)
NAZ 1846.09 +22.28 (+1.22%)
S&P 1016.42 +5.50 (+0.54%)

Change for day: +1.98% = -$23,137.32

Yesterday's Values:

Value: $1,169,303.57
Cash: $356,588.57
Stock Value: $812,715.00

Today's trades:
None


Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
SGMS 3,000
IMR 6,800
ALFA 3,100

Selloff soon? The VIX is still sitting pretty firm at 20ish- I still CAN NOT justify any more upward movement. Only things I can see is steady or downward movement.

Value: $1,192,440.89
Cash: $356,533.89
Stock Value: $835,907.00


Change for day: +1.98% = -$23,137.32
10% Goal per month, by 9/15/03 1.2M, requires 63% return from here.


nycdt
 
Was out of state on Friday, so will show changes from thursday.

DOW 9448.80 -22.70 (-0.24%)
NAZ 1845.70 -9.33 (-0.50%)
S&P 1014.81 -3.82 (-0.38%)

Change for day: +1.24% = +$18,981.56

Yesterday's Values:

Value: $1,192,440.89
Cash: $356,533.89
Stock Value: $835,907.00

Today's trades:
None


Now holding:
CPRT 16,200
CHTT 11,600
NPO 2,900
CXW 9,100
JAKK 17,200
SGMS 3,000
IMR 6,800
ALFA 3,100



Value: $1,211,422.45
Cash: $356,312.45
Stock Value: $855,110.00

I will look increase my portfolio to 1.3M by 10/15/03- theoretically will be easier, because this is not a 10% increase (nor was my previous goal of 1.2M). I am reaching points that are at my selling target, must now decide on whether I can find better investments right now.

Change for day: +1.24% = +$18,981.56
10% Goal per month, by 9/15/03 1.2M, ATTAINED.
***Goal of 1.3M by 10/15/03, need return of 7.3% from here.***


nycdt
 
Are there any other investors out there, or are you all traders? I would like to see some results of investors and chat about what they are looking for in companies right now.


nycdt
 
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