Taking 320K to 3.5million by Year End 2009
- Thread starter neke
- Start date
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Yo, I hope thats a lot of money.
But still im a little worried. Somehow doesnt sound like emotionless disciplined trading according to plan no matter what. I hope im wrong.
looks like 10k to me. but uhhh his typing is confusing.. could be more. LOL
Weekly Update for week 27/50 ended 07/18/2009
Nice week. Up 46.5K (20%). Hope the bottom is in place.
The week started on a good course on Monday, buying GS 145 calls after the bullish comments from one Meredith Whitney (the market apparently believes her spot-on call on citigroup nearly 2 years ago was due to her extraordinary genius), buying 50 contracts @ 5.5, averaged another 50 @ 4.90, and yet another 50 @ 4.70, closing all later at 6.10 for a net of +16K. Regret not holding on for more. As a hedge against this, bought 300 contracts of AIG 14 PUT about the same time (on the second day of its massive bounce), which I closed for a loss of 7.5K.
Then came good Tuesday. Watched AIG up in pre-market pretending to be set for a third day of rally. Couldn't short in Ameritrade, set a trigger to buy 300 AIG 14 put @ 0.70 if the stock price is above 15.50 after the market opens. Checked after market opened, and saw it had executed, and the stock was still rising. Added 200 AIG 15 PUT @ 0.99. Shortly before 10am the stock started descending, accelerating a few minutes later. Closed AIGSO @ 1.78 netting 15K, and then 10 minutes later closed AIGSN @ 1.45 netting 22K.
Was set to close the week on high note, but then came expiration Friday, and it wasn't good. Got Whipsawed on GOOG options. First bought 50 GOOG 430 PUT @ 4. Closed out at 2, losing 10K, then reversed and bought 80 GOOG 430 CALL @ 2.00, closed out later @ 1.05, losing 8K. The day I learn not to be complacent after a home-run, that is the day my account will start shooting thru the roof.
On the automated front, collected a decent 4k from 8 trades.
Nice week. Up 46.5K (20%). Hope the bottom is in place.
The week started on a good course on Monday, buying GS 145 calls after the bullish comments from one Meredith Whitney (the market apparently believes her spot-on call on citigroup nearly 2 years ago was due to her extraordinary genius), buying 50 contracts @ 5.5, averaged another 50 @ 4.90, and yet another 50 @ 4.70, closing all later at 6.10 for a net of +16K. Regret not holding on for more. As a hedge against this, bought 300 contracts of AIG 14 PUT about the same time (on the second day of its massive bounce), which I closed for a loss of 7.5K.
Then came good Tuesday. Watched AIG up in pre-market pretending to be set for a third day of rally. Couldn't short in Ameritrade, set a trigger to buy 300 AIG 14 put @ 0.70 if the stock price is above 15.50 after the market opens. Checked after market opened, and saw it had executed, and the stock was still rising. Added 200 AIG 15 PUT @ 0.99. Shortly before 10am the stock started descending, accelerating a few minutes later. Closed AIGSO @ 1.78 netting 15K, and then 10 minutes later closed AIGSN @ 1.45 netting 22K.
Was set to close the week on high note, but then came expiration Friday, and it wasn't good. Got Whipsawed on GOOG options. First bought 50 GOOG 430 PUT @ 4. Closed out at 2, losing 10K, then reversed and bought 80 GOOG 430 CALL @ 2.00, closed out later @ 1.05, losing 8K. The day I learn not to be complacent after a home-run, that is the day my account will start shooting thru the roof.
On the automated front, collected a decent 4k from 8 trades.
Code:
Opening Balance: 225,674
Net gain for the week 46,515
------------------------------------------------
Net Balance: 272,189
Number of Trades 26
Number of Profitable Trades 18
Since Inception of Thread 01/10/2009 - 07/18/2009
Opening Balance: 320,064
Net loss (Less Margin Interest) -47,875 (Down 15%)
------------------------------------------------
Net Balance 272,189
Number of Trades 645
Number of Profitable Trades 394
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
AIGSN 2009-07-14-09-30-06 2009-07-14-10-30-13 30000 20934 43500 22101 AIG PUT
GSGI 2009-07-13-09-34-50 2009-07-13-11-11-31 15000 75500 91500 15745 GS CALL
AIGSO 2009-07-14-09-35-52 2009-07-14-10-19-01 20000 19800 35600 15485 AIG PUT
--------------------------------------------------------------
AIGSN 2009-07-13-09-46-58 2009-07-13-14-25-30 30000 41000 34000 -7486 AIG PUT
GOPGF 2009-07-17-11-00-14 2009-07-17-11-43-38 8000 16600 8400 -8341 GOOG CALL
GOPSF 2009-07-17-10-04-02 2009-07-17-10-54-09 5000 20000 10000 -10096 GOOG PUTNice week.....
good luck to us all next week
good luck to us all next week
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