PeakTrader.com

[administrator]

Mar 21st Trading Log (Fri Trading Plan):

The SPX high today was slightly above 2,860. Many technical analysis articles are predicting SPX will peak between 2,860 and 2,880, and then fall between 2,200 to 2,650. Technical indicators may be driving the market, along with some short covering, because the economy is slowing and a trade deal with China may take a while. I plan to trade SPY QQQ and SMH puts.

My portfolio is about $565,000 including $429,500 in cash.

Calls Contracts-Shares Long

GE Jan 8 2020 20
SLB Jan 40 2020 50

Puts Contracts-Shares Short

SPY May 282 2019 100
SPY May 284 2019 20
QQQ May 180 2019 100
SMH Apr 110 2019 40

Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $400,000. 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.