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Joined: 28 Dec 2005 Posts: 11980
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Posted: Mon Nov 26, 2018 2:55 pm Post subject: Nov 26th Trading Log (Tue Trading Plan) |
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Nov 26th Trading Log (Tue Trading Plan):
GE continues the downtrend hitting a new (intraday) low at 7 1/4. It has fallen almost every day over the past month from 12 1/2. However, I’m expecting a bounce soon. Also, I’ll be watching AAPL NVDA FB and CVX for opportunities to buy Dec calls (which expire in four weeks) on pullbacks for short-term trades.
My portfolio is over $295,000 including $163,600 in cash.
Calls Contracts-Shares Long
AAPL Dec 180 2018 50
CVX Dec 115 2018 20
GE Jan 9 2019 1,000
GE Jan 10 2019 3,000
GE Mar 10 2019 2,000
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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