Category Archives: Portfolio Progress

Long FAS @ 8.05

By Jorge | Published: Thursday, February 12, 2009

Daytrade only

Also posted in Index and ETFs | 1 Comment

Covered XLU Short @ 28.04

By Jorge | Published: Thursday, February 12, 2009

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)

Also posted in Index and ETFs | Leave a comment

Long SPY Feb 85 Calls

By Jorge | Published: Tuesday, February 10, 2009

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.

Also posted in Options | 3 Comments

Stopped out of USO @ 26.97

By Jorge | Published: Tuesday, February 10, 2009

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 [...]

Also posted in Index and ETFs | Leave a comment

Sold SMN @ 38.50

By Jorge | Published: Tuesday, February 10, 2009

Sold SMN at $38.50 after a 10% move since Friday.  Not a bad start to the year thusfar!  I’m sure the markets could sink even further from here, but there’s no shame in taking profits.  Not in this environment.

Also posted in Index and ETFs | Leave a comment

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