Taking 320K to 3.5million by Year End 2009
- Thread starter neke
- Start date
- Status
Why fight the bearish trend? And certainly, why not just focus on SPY? At one point you'll be facing liquidity problems with your order sizes anyway...
Exited at several prices. 500 shares were exited soon after entry to bring exposure within intended size. The remaining 4500 were exited the following morning at different prices (placed a limit at 41, partially executed and go rid of the rest at lower prices:
Code:
03/03/2009 09:33:35 Sold 300 DECK @ 41 12,292.93 $418,660.04
03/03/2009 09:34:05 Sold 2400 DECK @ 40.8 97,912.45 $516,572.49
03/03/2009 09:37:29 Sold 1700 DECK @ 40.1065 68,173.61 $584,746.10
03/03/2009 09:37:29 Sold 100 DECK @ 40.03 4,002.97 $588,749.07Weekly Update for week 9/50 ended 03/14/2009
An OK week, up 24K (7%).
Lots of activity (30 trades), and a high winning percentage (73%) helped offset the terrible losses on Thurs. Lost more than 33K shorting MS and SPY with excessive leverage. But for that the week should have been very good.
An OK week, up 24K (7%).
Lots of activity (30 trades), and a high winning percentage (73%) helped offset the terrible losses on Thurs. Lost more than 33K shorting MS and SPY with excessive leverage. But for that the week should have been very good.
Code:
Opening Balance: 333,987
Net gain for the week 23,629
------------------------------------------------
Net Balance: 357,616
Number of Trades 30
Number of Profitable Trades 22
Since Inception of Thread 01/10/2009 - 03/14/2009
Opening Balance: 320,064
Net gain (Less Margin Interest) 37,552 (Up 11.7%)
------------------------------------------------
Net Balance 357,616
Number of Trades 199
Number of Profitable Trades 126
Top/Bottom Discretionary Trades for the week
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
GILD 2009-03-12-09-25-37 2009-03-12-09-54-41 10000 411198 424660 13439 LONG
SZCOX 2009-03-13-10-07-27 2009-03-13-11-18-23 20000 36800 47430 10316 SPY PUT
----------------------------------------------------
SPY 2009-03-11-14-34-04 2009-03-11-15-14-57 18000 1313808 1301128 -12715 SHORT
SPY 2009-03-12-11-34-16 2009-03-12-15-30-21 15000 1128000 1104077 -23958 SORTNeke...that's interesting that you chose to short the market on Thursday. What was your reasoning for this?
Great thread, subscribing...
03/22/2009
Weekly Update for week 10/50 ended 03/22/2009
Negative week, down 15K (4.2%).
The week began on a deeply negative note on Monday. Shorted C, lost 13K, turned around and went long - wrong time - lost another 10K. If only I could restraint myself from revenge trading!. Not a lot going for me the remainder of the week, as the gains barely outpaced the losses.
Disgusting to be up single digit (%) after 10 weeks of trading. That is a lot of time marking, and hardly worthy of the time and effort expended. I hope there could be a take-off soon.
Weekly Update for week 10/50 ended 03/22/2009
Negative week, down 15K (4.2%).
The week began on a deeply negative note on Monday. Shorted C, lost 13K, turned around and went long - wrong time - lost another 10K. If only I could restraint myself from revenge trading!. Not a lot going for me the remainder of the week, as the gains barely outpaced the losses.
Disgusting to be up single digit (%) after 10 weeks of trading. That is a lot of time marking, and hardly worthy of the time and effort expended. I hope there could be a take-off soon.
Code:
Opening Balance: 357,616
Net loss for the week -14,857
------------------------------------------------
Net Balance: 342,759
Number of Trades 24
Number of Profitable Trades 14
Since Inception of Thread 01/10/2009 - 03/22/2009
Opening Balance: 320,064
Net gain (Less Margin Interest) 22,695 (Up 7.1%)
------------------------------------------------
Net Balance 342,759
Number of Trades 223
Number of Profitable Trades 140
Top/Bottom Discretionary Trades for the week
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
FDXCI 2009-03-19-09-31-09 2009-03-19-09-40-20 20000 17400 26100 8379 FDX CALL
FSLR 2009-03-17-09-47-07 2009-03-17-09-55-53 2000 220600 228600 7985 LONG
-----------------------------------------------------------
C 2009-03-16-13-51-27 2009-03-16-15-05-11 50000 128500 118500 -10015 LONG
C 2009-03-16-10-15-20 2009-03-16-11-02-44 100000 220000 206578 -13444 SHORT15k a week for 52 weeks is 780,000 a year, nothing to sneeze at. Not bad if you ask me.
- Status