Daily Update - July 8-9, 2008
I know, I didn’t post an update yesterday. I was pissed, plain and simple. That and we received about 3 inches of rain in less than an hour so I had to go pick up my wife since I didn’t want her driving in that mess. Anyways, yesterday was a mess.
Yesterday’s Trades: 4 contracts traded. Closed out V puts for a loss and BHP for a small gain.
Yesterday’s Profit / Loss: -$84
No new account highs 
Toward the close, not only was I in a better mood, I was pissed I sold my V and BHP puts. But that’s how life goes. In retrospect, I should have never sold BHP since it didn’t violate any of my rules. No matter.
Today’s Trades: 0 Sales
Today’s Profit / Loss: None
Today’s Profit / Loss On Paper: 
And that’s why today I’m in a hell of a mood. Second $1k day in the past couple of weeks.
*** New Account High ***
P.S. I’m only giddy until I hit $10k. At this rate, it may happen by the end of the summer. I don’t expect it to but one never knows. I would like to see $10k by the end of the year though.
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Thanks. I'm hoping this is more than just luck. We'll see lol.
Ling,
I wish I was doing this full time. I'm trying to wrap up my PhD over the next year so being a college student excess funds are low. With what I'm working with, it seems like I'm not doing a bad job.
With regards to hedging, see how the markets are down a ton so far? I'm inclined to take out some calls on the DIA / SPY *just* in case. Never know what happens over the weekend. But like insurance, it may or may not be needed. Let's see what happens over the weekend.
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