Stewart v. Cramer

Classic Stewart v. CNBC and Cramer.  Enjoy!

Long FAS @ 8.05

Daytrade only ;)

Covered XLU Short @ 28.04

Covered XLU short at 28.04.  My target was 27.50 but I don’t feel comfortable holding on for those last few cents.  6.5% gain on the trade.  Here’s  a quick status update on how I’ve traded thusfar.

 

Statistics
Stocks
Number of Shares 695
Win / Loss % 66.67%
Profit / Loss $ 471.90
Options
Number of Contracts 2
Win / Loss 0.00%
Profit / Loss $ (44.00)

Long SPY Feb 85 Calls

Long SPY Feb 85 Calls @ 1.47.  I’m seeing the SPY on a 30d/30m chart riding an upward trendline.  If the trend breaks, I’ll exit.  I doubt I’ll hold this through the rest of the week.

Stopped out of USO @ 26.97

Stopped out EOD at 26.97.  7% loss which was near my max pain threshold.  I like to close trades within the last 10 minutes of trading as it removes emotion from the trade.  Had USO hit $26, my emergency stop would have been hit, no questions asked.  I got half of the energy complex equation correct.  A shame crude didn’t rally to the same extent natural gas did the past couple of weeks.