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Joined: 28 Dec 2005 Posts: 11984
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Posted: Thu Dec 02, 2021 6:14 pm Post subject: Dec 2nd Trading Log (Fri Trading Plan) |
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Dec 2nd Trading Log (Fri Trading Plan):
The daily NYMO closed 37 points higher at negative 50, while SPX closed 64 points higher at 4,577. Normally, the NYMO is a buy signal at negative 50. However, we may get volatility instead. I plan to trade mostly SPY and QQQ options. If SPY falls towards 450 or QQQ falls towards 385, I'll buy December calls, but want to further build up cash before the close and wait for better opportunities to buy calls or puts.
My portfolio is about $450,000 including $338,200 in cash.
Calls Contracts-Shares Long
QQQ Jan 380 2022 10
BABA Jan 130 2022 20
BABA Jan 140 2022 20
SLB Jan 32.5 2022 200
Puts Contracts-Shares Short
MSFT Mar 350 2022 10
ADBE Jan 640 2022 10
Portfolio at $100,000 on March 1st, 2018. Portfolio stop loss suspended. Scaled up and adjusted portfolio. Both prior portfolios, since early 2000s, rose initially and substantially, and then failed quickly in “irrational” market “melt-ups," where stocks can go straight up month after month. |
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