My focus this week was on Visa. Earlier in the week, I tried to short, figuring it was near the top. While I was wrong at the time, I was right overall. The past couple of days has seen Visa drop about 10%. Perfect play.. wrong time of entry.
Futures trading is pretty exciting. I’ve only been trading futures for about three days now, but I’ve learned quite a bit. With options, I pick a good entry/exit point and hold. Futures trading is much, much quicker taking a quick point or two and exiting. I think if I can get used to the fact that all I need is a point or two in my direction with futures trading, I may be alright. And I thought options trading was fast and exiting.
Weekly Profit / Loss: -$130
While not a huge loss, it’s a loss nonetheless. Next week is options expiry week. While I don’t care to trade during options expiry week, options pricing for the next month out is usually pretty decent. I’ll be compiling a shopping list and hopefully picking up a couple of trades here or there while I continue to learn the ropes of the futures market.
I’m on deck to potentially join the Virtual Office. While not as capitalized as they are, I think I can hold my own. And if not, I’m sure DT will promptly boot me, hah!
I have next week off once again so hopefully I can make some headway and perhaps turn a weekly profit. I’m in desperate need of one. Have a great weekend!