Taking 320K to 3.5million by Year End 2009
- Thread starter neke
- Start date
- Status
I guess that is why the 95% keep trading
Weekly Update for week 39/50 ended 10/10/2009
Very good week, up 98K (22.3%). Good win rate (22 gains out of 31) accelerated by a few outsized bets.
Most significant moves were on Wed and Thurs. Faded the move on BIDU on Wed to the tune of 240 contracts averaged in, expecting the stock to drop after several days run-up, did not quite pan out, got out losing 19K on the option just as GOOG began its upward climb in the afternoon. Jumped on board GOOG with 150 call contracts (more of revenge, seeing I avoided taking that call earlier in the day). Glad it panned out, getting 37K. Then Thurs, saw BIDU once again on the rise, hit it with 200 put contracts @ 8.55 avg, closed it 30 minutes later @ 10.50 on a pull-back on the stock, netting 39K. A few minutes later hit MA with puts (smaller size of exposure), netting 14K. (An attempt at FCX did not work as well).
Had 11 automated trades that yielded 11K. Should be having more of these now that earnings season is upon us.
Finally pleased to have some good buffer with which to press on the accelerator, but I need to be careful and avoid knee-jerk action.
Very good week, up 98K (22.3%). Good win rate (22 gains out of 31) accelerated by a few outsized bets.
Most significant moves were on Wed and Thurs. Faded the move on BIDU on Wed to the tune of 240 contracts averaged in, expecting the stock to drop after several days run-up, did not quite pan out, got out losing 19K on the option just as GOOG began its upward climb in the afternoon. Jumped on board GOOG with 150 call contracts (more of revenge, seeing I avoided taking that call earlier in the day). Glad it panned out, getting 37K. Then Thurs, saw BIDU once again on the rise, hit it with 200 put contracts @ 8.55 avg, closed it 30 minutes later @ 10.50 on a pull-back on the stock, netting 39K. A few minutes later hit MA with puts (smaller size of exposure), netting 14K. (An attempt at FCX did not work as well).
Had 11 automated trades that yielded 11K. Should be having more of these now that earnings season is upon us.
Finally pleased to have some good buffer with which to press on the accelerator, but I need to be careful and avoid knee-jerk action.
Code:
Opening Balance: 437,164
Net gain for the week 97,533
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Net Balance: 534,697
Number of Trades 31
Number of Profitable Trades 22
Since Inception of Thread 01/10/2009 - 10/10/2009
Opening Balance: 320,064
Net gain (Less Margin Interest) 214,633 (Up 67%)
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Net Balance 534,697
Number of Trades 1018
Number of Profitable Trades 643
TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE
BPJVB 2009-10-08-09-48-26 2009-10-08-10-19-28 20000 170790 210400 39324 BIDU PUT
GOPJU 2009-10-07-14-41-40 2009-10-07-15-11-39 15000 247340 285000 37395 GOOG CALL
MALVB 2009-10-08-10-33-13 2009-10-08-11-03-39 30000 75000 90000 14594 MA PUT
GPYVR 2009-10-06-10-01-29 2009-10-06-10-33-38 20000 120250 128382 7848 GS PUT
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BIDU 2009-10-07-09-37-08 2009-10-07-14-49-17 1000 408966 405660 -3330 SHORT
AAI 2009-10-07-09-28-07 2009-10-07-09-54-28 20000 106000 99113 -6904 LONG
BPJVT 2009-10-07-09-37-05 2009-10-07-14-52-47 24000 225000 205940 -19419 BIDU PUT- Status