Investing Adventures

STOP DAYTRADING!

Someone please remind me to do the above. I’m not an options day trader. I’m losing too much money trying to day trade. Sigh.

Trades taken: 2 (Visa puts)

P/L: -$50

Today appears to be a better day. First, my deposits into my account have cleared. Our tax rebates have finally come in as well. Overall, I have a bit more firepower to play with so in terms of being properly capitalized and diversified, we’re one step closer.

On that note, I may dip my hand at trading the NQ futures. I’m still on the fence about it but we’ll see how the day’s actions go.

Oil topped $122 yesterday before settling near $121. Oil is currently sitting at $121.80. Goldman Sachs is predicting oil near $200 within the next 6 to 18 months which is scary in and of itself. Note that a couple of years ago, Goldman predicted $100 oil within the next two years. Look where we’re at now.

Stay sharp today!