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Joined: 28 Dec 2005 Posts: 11979
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Posted: Tue Nov 13, 2018 4:02 pm Post subject: Nov 13th Trading Log (Wed Trading Plan) |
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Nov 13th Trading Log (Wed Trading Plan):
HAL and CVX tend to be volatile. So, I bought heavy positions, in case oil prices finally stabilize or bounce. I expect QQQ to rally into the holidays. I may take advantage of volatility to shift from GE 2019 into 2020 calls. Over the past six weeks, oil declined steadily from roughly 76 to 55, and it’s very oversold with its daily RSI at 13 (below 20 is oversold).
My portfolio is about $360,000 including $215,400 in cash.
Calls Contracts-Shares Long
QQQ Jan 170 2019 40
HAL Dec 32.5 2018 100
HAL Jan 35 2019 200
CVX Jan 115 2019 20
CVX Jan 120 2019 40
GE Jan 10 2019 1,800
GE Mar 10 2019 200
Puts Contracts-Shares Short
None
Portfolio at $100,000 on Mar 1st, 2018. Portfolio stop loss raised to $200,000. 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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