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Jan 30th Trading Log (Thu Trading Plan - Update)

 
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PostPosted: Wed Jan 30, 2019 1:50 pm    Post subject: Jan 30th Trading Log (Thu Trading Plan - Update) Reply with quote

Jan 30th Trading Log (Thu Trading Plan):

Yesterday, the daily NYMO was 55 and its 10-day MA was 74, which are high. They should be higher today. So, I expect a pullback or at least volatility. The options market is expecting about a 10% GE move after earnings tomorrow morning. It’s uncertain, if it’ll be up or down. I plan to take advantage of volatility to trade GE calls, and SPY DIA or QQQ puts. Update: The daily NYMO closed at 75 and its 10-day MA is 73.

My portfolio is about $485,000 including $361,400 in cash.

Calls Contracts-Shares Long

GE Jan 8 2020 50

Puts Contracts-Shares Short

SPY Feb 270 2019 40
SPY Mar 270 2019 100
DIA Feb 255 2019 40

Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $300,000. Stop loss will be strictly enforced and extreme caution will be taken if triggered to avoid large losses and preserve capital in "irrational" market periods.
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