Investing Adventures » Virtual Office

Daily Update – July 2, 2008

Jorge — Wed, 02 Jul 2008 23:43:53 +0000

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 HRB. HRB hit my generous stop of $22 and so I’m out with my max loss. The winners combined for a total of $1500 in profits.

Today’s Profits / Losses: +$1219.00

Contracts traded: 17

*** New Portfolio Highs ***

Although my portfolio has hit its highs, my current risk allocation will remain unchanged until the end of the month. I need to make sure my new trading plan is working and that this run on the new highs isn’t based on sheer luck. I am expecting some writedowns in the next couple of days which will damper the fun a bit but nothing ever goes straight up or straight down.

Daily Update – July 1, 2008

Jorge — Tue, 01 Jul 2008 23:50:01 +0000

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 the financials I held. I currently have 1 contract of XL and LM remaining. I also sold off a contract from my CY puts. The bounce, while it didn’t feel well, still didn’t leave a great taste in my mouth. If anything, I can always reload tomorrow.

Profits/Losses Today: +$664.00

*** New Account High! ***

Daily Update – June 30, 2008

Jorge — Mon, 30 Jun 2008 20:15:13 +0000

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 each, reducing my negative delta by about 120 points. I still own 2 contracts of XL and LM and expect both to continue their downward spiral along with the rest of the financial group.

Total Profits / Loss: $336.50

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