Taking 320K to 3.5million by Year End 2009
- Thread starter neke
- Start date
- Status
Weekly Update for week 30/50 ended 08/08/2009
Nice week, up 27K (8.7%). Should be more but gave back a lot on Friday.
The bias continues to be bullish with calls on SPY options. The best trade was SPY call on Wed, Bought the pull-back, 200 contracts of SWGHV @ 2.08, added another 200 @ 1.96, and yet another 200 @ 1.84. Closed all later in the day for 2.31, netting 20K. Came again Thur seeking to do the same - 300 @ 1.90, another 300 @ 1.80. Did not quite pan out, closing all at 1.88 for a meagre gain.
The other nice trade was AIG PUT on thursday, after the exuberant open. Bought 200 AIGTY @ 3.50,closing 30 min later @ 4.30, netting 16K. Lots of regret as the PUT hit 6.20 soon after getting out, closing the day at 5.95 (That was 33K left on the table!).
Got complacent on Friday, chasing the rally after initially turning off. Averaged in until I could do no more as the market retreated later in the day. Lost nearly 23K. Need to watch out for this tendency to be complacent after a decent run.
My automated trades was flattish for the week.
Looking forward to next week.
Nice week, up 27K (8.7%). Should be more but gave back a lot on Friday.
The bias continues to be bullish with calls on SPY options. The best trade was SPY call on Wed, Bought the pull-back, 200 contracts of SWGHV @ 2.08, added another 200 @ 1.96, and yet another 200 @ 1.84. Closed all later in the day for 2.31, netting 20K. Came again Thur seeking to do the same - 300 @ 1.90, another 300 @ 1.80. Did not quite pan out, closing all at 1.88 for a meagre gain.
The other nice trade was AIG PUT on thursday, after the exuberant open. Bought 200 AIGTY @ 3.50,closing 30 min later @ 4.30, netting 16K. Lots of regret as the PUT hit 6.20 soon after getting out, closing the day at 5.95 (That was 33K left on the table!).
Got complacent on Friday, chasing the rally after initially turning off. Averaged in until I could do no more as the market retreated later in the day. Lost nearly 23K. Need to watch out for this tendency to be complacent after a decent run.
My automated trades was flattish for the week.
Looking forward to next week.
Code:
Opening Balance: 311,901
Net gain for the week 27,024
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Net Balance: 338,925
Number of Trades 44
Number of Profitable Trades 26
Since Inception of Thread 01/10/2009 - 08/08/2009
Opening Balance: 320,064
Net gain (Less Margin Interest) 18,861 (Up 5.9%)
------------------------------------------------
Net Balance 338,925
Number of Trades 787
Number of Profitable Trades 485
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
SWGHV 2009-08-05-09-57-04 2009-08-05-15-26-00 60000 117600 138600 20068 SPY CALL
AIGTY 2009-08-06-09-38-49 2009-08-06-10-06-22 20000 70000 86000 15677 AIG PUT
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HURN 2009-08-03-08-58-23 2009-08-03-10-20-45 3000 41310 35600 -5732 SHORT
SWGHW 2009-08-07-11-39-17 2009-08-07-15-48-01 100000 216100 194958 -22682 SPY CALLAm I reading that correctly???? 531 hits of your account statement???
Neke, it's time you start your own blog.
Neke, it's time you start your own blog.
Weekly Update for week 31/50 ended 08/15/2009
Negative week, down 16K (4.8%). Struggled all week to keep positive, but finally gave way on Friday.
Kept the upward bias on the market, and on individual stocks for the most part. Was whipsawed on Tuesday on FLR. Found it hard to stay away even though I had no conviction which direction it should go. First bought puts, lost 7K and immediately reversed and bought calls, losing 12K.
On Thursday made 18K buying the market on dips (3 X 200 contracts) and closing later in the day. Tried to do the same on Friday with hard luck. Again bought 200 contacts at 2.26, 2.10 and 1.91 as the market sold off in the morning. Sold by noon when it seemed the market was destined for a continued sell-off. Missed the late end-of-day rebound: should have recovered all that and more holding to the close.
My automated trades was deeply negative for the week (lost about 10K).
Negative week, down 16K (4.8%). Struggled all week to keep positive, but finally gave way on Friday.
Kept the upward bias on the market, and on individual stocks for the most part. Was whipsawed on Tuesday on FLR. Found it hard to stay away even though I had no conviction which direction it should go. First bought puts, lost 7K and immediately reversed and bought calls, losing 12K.
On Thursday made 18K buying the market on dips (3 X 200 contracts) and closing later in the day. Tried to do the same on Friday with hard luck. Again bought 200 contacts at 2.26, 2.10 and 1.91 as the market sold off in the morning. Sold by noon when it seemed the market was destined for a continued sell-off. Missed the late end-of-day rebound: should have recovered all that and more holding to the close.
My automated trades was deeply negative for the week (lost about 10K).
Code:
Opening Balance: 338,925
Net loss for the week -16,204
------------------------------------------------
Net Balance: 322,721
Number of Trades 39
Number of Profitable Trades 24
Since Inception of Thread 01/10/2009 - 08/15/2009
Opening Balance: 320,064
Net gain (Less Margin Interest) 2,657 (Up 0.8%)
------------------------------------------------
Net Balance 322,721
Number of Trades 826
Number of Profitable Trades 509
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
SWGHU 2009-08-13-09-37-01 2009-08-13-10-50-13 60000 147020 165600 17648 SPY CALL
TOL 2009-08-12-09-42-23 2009-08-12-14-18-23 20000 456988 468070 11014 LONG
PNETJ 2009-08-11-10-38-26 2009-08-11-11-52-49 20000 66000 74000 7670 PCLN PUT
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FLRTK 2009-08-11-10-05-29 2009-08-11-10-15-21 20000 36000 29000 -7315 FLR PUT
FLRHK 2009-08-11-10-24-04 2009-08-11-10-37-31 20000 41000 29000 -12315 FLR CALL
SWGHU 2009-08-14-09-58-19 2009-08-14-12-05-58 60000 125400 108000 -18331 SPY CALL
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