Rennicks quest...100 bucks to 100 grand

[William Rennick]

5/21/08 End of day summary
$43 gain Acct. total $175 clams


The mighty "Ball" was Neutral in front of the FOMC data. Therefore I held my short position, and the quest continues...

Rennick out

 

[Allen3]

I would hedge that position. fund managers would kill for a 54% a year return on capital .

 

[William Rennick]

Quote from Allen3:

I would hedge that position. fund managers would kill for a 54% a year return on capital .

A year? If I ain't nailing down 20% a day I'm shoeing myself in the ass.

T Boone Rennick out

 

[William Rennick]

THURS. 5/22 End of Day summary

$30 (loss) Acct. total $148

Transaction costs on this micro account ate up profits. I sold my short position near the open and went long. Even though the pair of calls are showing a small profit at the close, it wasnt enough to cover the costs to sell the put and reenter with the calls. A larger account would have showed a net profit today.

Going overnight with the calls looking for some Bull action on Friday. . The link on the next post shows the transactions.

Rennick out

 

[William Rennick]

...the trades.. Notice the nice timing. This trade was immediately making money.

 

[Thermactor]

Ameritrade has some pretty lousy commission rates. $20/rt for equities. fuk dat

 

[trefoil]

Day before Memorial Day is usually pretty bullish. Nice trade.

 

[Susannah]

Thinkorswim doesn't have account minimums, might be worth moving the account to get better commissions.

 

[Trinitytrader]

Quote from Thermactor:

Ameritrade has some pretty lousy commission rates. $20/rt for equities. fuk dat

Rennick, I assume your paying the 7.99 a side as a APEX client, are you using the Quote Tracker Platform for your trades? It's the only thing that makes Ameritrade usable.

 

[RollingThunders]

Good stuff, I'll be watching this thread.