Daily Recap and Status - May 6, 2008
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 […]
No Action on Visa … Yet
No action taken on Visa so far with today’s selloff. The strength of the selloff actually concerns me so as a result I have yet to take any positions on it. Here’s what I have for Visa right now. Be back after lunch!
Making Visa My Bitch
Over the past few months, I’ve seen my portfolio whittle away to almost nothing. Granted, I started with practically nothing (in the market’s view) but still. After trading for nearly a year, I still have quite a bit to learn. However, some folks at thinkorswim have given me a task in order […]
Crude Above $115 per Barrel, Short Oil Stocks?
Earlier this morning, crude oil finally rose above $115 a barrel (CLK8). With oil rising at a rapid pace once again, commodities are soon to follow. Some analysts such as the Option Addict feel commodities will push higher as it did about two months ago. In anticipation of a potential breakout, I’ve jumped into the […]
Confirmation?
Life appears to be grand for the bulls the past couple of days. Yesterday’s action appears to be strong in terms of closing prices, but was it as strong as everyone thinks? A year ago, I would have been excited to see such a rally. Today, I’d like to analyze it just […]
