Taking 103K to 1.2million by Year End 2008

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Weekly Update for week 36 ended 09/20/2008

An OK week, up 9.8K (7.2%). What a week it could have been! Did not play out.

These are dizzying times in the markets. Who could have imagined the type of intra-day swings happening in the market and in individual financial stocks(AIG, GS, STT, MS etc). These are times where I wished I could be fully available to trade based on all the information flow happening.

My big loser was GS long on Thursday. What harsh luck. Bought 1000 shares at 102, averaged another 800 shares at 94. Market kept collapsing, and I crashed out at 88.5, losing 17K, only for the stock to reverse and close the day at 108. What a difference it would have made if I had held till close of day, not to talk of holding overnight!


Code: 
Opening Balance:               	    	134,745
Net gain for the week 		          9,853  
------------------------------------------------
Net Balance:                   		144,598
Number of Trades	            	 24
Number of Profitable Trades    	    	 13

Since Inception of Thread   01/13/2008 - 09/20/2008

Opening Balance:                   	102,615
Net gain (Less Margin Interest)		 51,983
------------------------------------------------
Balance Before Withdrawal:            	154,598  (Up 51%)
Cash Withdrawal				-10,000
------------------------------------------------
Net Balance				144,598

Number of Trades	           	861
Number of Profitable Trades        	499


Top/Bottom Discretionary Trades for the week

TICKER	ENTRY DATE/TIME		EXIT DATE/TIME		QTY	PURCHASE AMT	SOLD AMT	GAIN/LOSS	TYPE


GS	2008-09-18-11-16-36	2008-09-18-13-00-59	1800	176698		159459		-17270		LONG
------------------------------------------------------------------------
SPYIO	2008-09-16-10-52-00	2008-09-16-15-59-26	10000	20200		36000		15620		SPY CALL

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Nice job neke - just don't think too much on what could have been. As you know, regret in hindsight is a very powerful emotion - don't let it get the best of you next week.
 
Weekly Update for week 37 ended 09/27/2008

Solid week, up 34K (23%).

Pleased to have delivered a steady stream of winning trades (15 out of 17). The biggest loser was RIMM (shorted 2000 shares at 80.5 in afterhours on Thursday after their disappointing earnings. Very wrong timing, as the stocked rebounded soon afterward to about 83, and I freaked out and covered losing 4.6K). Had I held till Friday as I intended, I could have collected a cool 20K! The only other loser was a mere $40.

The biggest gainer was buying puts on the SPY on Monday as the market showed signs of weakness after the prior two trading days of rally. Realised nearly 12K from the trade.


Code: 
Opening Balance:               	    	144,598
Net gain for the week 		         33,656  
------------------------------------------------
Net Balance:                   		178,254
Number of Trades	            	 17
Number of Profitable Trades    	    	 15

Since Inception of Thread   01/13/2008 - 09/27/2008

Opening Balance:                   	102,615
Net gain (Less Margin Interest)		 85,639
------------------------------------------------
Balance Before Withdrawal:            	188,254  (Up 83%)
Cash Withdrawal				-10,000
------------------------------------------------
Net Balance				178,254

Number of Trades	           	878
Number of Profitable Trades        	514


Top/Bottom Discretionary Trades for the week

TICKER	ENTRY DATE/TIME		EXIT DATE/TIME		QTY	PURCHASE AMT	SOLD AMT	GAIN/LOSS	TYPE


SPYVQ	2008-09-22-10-10-27	2008-09-22-15-59-38	10000	30250		42000		11570		SPY PUT
------------------------------------------------------------------
RIMM	2008-09-25-16-37-15	2008-09-25-16-52-53	2000	165629		161009		-4661		SHORT

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