Daily Update - July 3, 2008
7 contracts for a profit of $340. Ever so slightly eeked out a gain on paper overall and so we’ve gotten a new high for the portfolio! Have a great 4th of July folks and I’ll see you back on Monday!
Daily Update - July 2, 2008
Another rough day in the markets and yet another new high for my portfolio. The portfolio is now up over 20% from the start of my trading, well off the 50% losses I was experiencing only a couple of weeks ago. Today’s closing trades included profits in XL, LM, CY, and SINA with losses in […]
Daily Update - July 1, 2008
They weren’t kidding when they said markets generally close higher the first day of the 2nd half of the year. I was rather disappointed at the bounce this afternoon. It felt more forced than anything else. In any event, I went ahead and lightened my put positions a bit by selling off a third of […]
Daily Update - June 30, 2008
Today looked to be a fairly mild day until about 15 minutes before the close where everything began to tank. I’ve been running a fairly heavy negative delta portfolio so I benefited quite a bit from the last minute sell off. I went ahead and trimmed my positions in XL and LM by a contract […]
It Took A Year…
But I’m now officially positive on the Profit / Loss statement with my options portfolio. And guess what? It took almost exactly 1 year. The experienced traders weren’t kidding around when they said it normally takes a year before someone can turn a profit in the markets. The goal now is to hold the line […]
