Investing Adventures

My focus this week was on Visa.  Earlier in the week, I tried to short, figuring it was near the top.  While I was wrong at the time, I was right overall.  The past couple of days has seen Visa drop about 10%.  Perfect play.. wrong time of entry.

Futures trading is pretty exciting.  I’ve only been trading futures for about three days now, but I’ve learned quite a bit.  With options, I pick a good entry/exit point and hold.  Futures trading is much, much quicker taking a quick point or two and exiting.  I think if I can get used to the fact that all I need is a point or two in my direction with futures trading, I may be alright.  And I thought options trading was fast and exiting.

Weekly Profit / Loss:  -$130

While not a huge loss, it’s a loss nonetheless.  Next week is options expiry week.  While I don’t care to trade during options expiry week, options pricing for the next month out is usually pretty decent.  I’ll be compiling a shopping list and hopefully picking up a couple of trades here or there while I continue to learn the ropes of the futures market.

I’m on deck to potentially join the Virtual Office.  While not as capitalized as they are, I think I can hold my own.  And if not, I’m sure DT will promptly boot me, hah!

I have next week off once again so hopefully I can make some headway and perhaps turn a weekly profit.   I’m in desperate need of one.  Have a great weekend!