"The only way to trade with Fibonaccis" journal

[1a2b3cppp]

9/26:

SPY -$41,610.00
hedge $4,079.01

Net for this trade :

-$37,530.99 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
------------------------
-$28,684.05

 

[1a2b3cppp]

9/27:

SPY -$34,200.00
hedge $3,480.78

Net for this trade:

-$30,719.22 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
------------------------
-$21,872.28

 

[clarodina]

you should write some of the how you go about doing hedging

 

[masterm1ne]

Quote from 1a2b3cppp:

I have no idea where price is going so I never know when is the best time to close it. I can't call tops or bottoms nor can I predict direction.

You and everyone else on this planet, which is why the only thing that makes sense and is risk managment & position sizing. I wish I could make sense of some of the things you are doing...

 

[1a2b3cppp]

9/28:

SPY -$47,880.00
hedge $4,571.67

Net for this trade:

-$43,308.33 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
------------------------
-$34,461.39

 

[1a2b3cppp]

9/29:

SPY -$42,693.00
hedge $4,137.66

Net for this trade:

-$38,555.34 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
------------------------
-$29,708.40

 

[1a2b3cppp]

9/30:

SPY -$59,223.00
hedge $5,463.15

Net for this trade:

-$53,759.85 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
------------------------
-$44,912.91

It will be cool when we get out of this range, up or down.

 

[Snowman75]

No more daytrades?

 

[1a2b3cppp]

Quote from Snowman75:

No more daytrades?

No, I haven't done any intraday stuff in a while.

 

[1a2b3cppp]

Put in a stop order to sell my entire SH position (1173 shares) at $44.90 which will be $4,055.55 before commission.

SH is currently at 46.91 but I want to lock in at least $4,000.

The next buy will occur if SPY hits $105 at which point I will begin buying SSO since it's cheaper per share and double weighted which means I can get the same dollar movement for less of an investment than it would take me with SPY.