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May 12th Trading Log (Updated - Fri Trading Plan)

 
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PostPosted: Thu May 12, 2022 7:26 am    Post subject: May 12th Trading Log (Updated - Fri Trading Plan) Reply with quote

May 12th Trading Log (Updates):

Morning Trades: Bought 20 more QQQ calls at 12.5 and 11.5, bought 20 more NFLX calls at 8, bought 20 more BABA calls at 4, and bought 1 more AMZN May calls at 55. Current Trades: Sold 60 QQQ calls at 15, sold 40 ROKU calls at 12, sold 40 NFLX calls at 12, sold the 2 AMZN May calls at 140, sold the 2 AMZN Jun calls at 145, sold 40 NFLX calls at 12, bought 2,000 GM shares at 35.75, bought 20 QQQ calls back at 12.25, bought 1 AMZN Jun calls back at 120, bought 1 AMZN May calls back at 90, and bought 1 more AMZN Jun calls at 100 ---------- Technical indicators, which are mostly very extreme, show we either bottomed today or very close to a bottom. Normally, a powerful bear market rally would take place shortly. So, I plan to buy more calls on pullbacks. QQQ closed at 291. It likely will rise well above 300 by the end of next week, after falling over 45 points in the past seven trading days. AMZN looks good to rise at least 200 points.

My portfolio is about $1,350,000 including $1,058,500 in cash.

Calls Contracts-Shares Long

QQQ Jul 300 2022 80
BABA Jun 90 2022 80
ROKU Jun 90 2022 20
AMZN May 2,100 2022 1
AMZN Jun 2,200 2022 2
GM 2,000 shares
DNA 10,000 shares

Puts Contracts-Shares Short

None

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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