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Rol
 

Registered: Jul 2009
Posts: 425

 

06-30-12 08:30 PM


Quote from Camdo:

Hi Rol,
On Monday 6/25/2012, you were contemplating an SPY position.

I was wondering if you made the entry?

Also, I have lost track of the basis of your gains. As I recall you started this thread with about $38K, your last statement shows $10K profit. Does this mean you added $52K to your account since January 2012?




Hi Camdo,

No I didn't make the SPY entry, but I did do the gold trade. I usually prefer to pick one discretionary battle at a time. I prepared for more of a dip in gold, and tried to stick to my one small entry per day rule. I think I had a pretty good read on the week though. I already had good long exposure, and my desire to stick with my plan overrode any hunches I may have had. May was still stinging a bit. I think this journal has helped me be more accountable for my actions through the advice given, as well as be disciplined.

I started the year with around 30K, but I did a couple large additions in April and June, which I mentioned in the journal, so buying power is skewing the percentage gain/losses. The second half, I won't make additions.

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Rol
 

Registered: Jul 2009
Posts: 425

 

07-03-12 12:23 AM

Short 200 shares SPY, average price 136.41. Hoping it goes against me so I can add more. . I predict the overnight futures will drop on low volume around 4th of July holiday.

spy short.png
This has been downloaded 393 time(s).

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Rol
 

Registered: Jul 2009
Posts: 425

 

07-03-12 05:04 PM

Add 100 at 137.38. Average cost, 136.73. Will add 100 at 137.77.

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Rol
 

Registered: Jul 2009
Posts: 425

 

07-05-12 01:46 PM

Closed SPY short for $62 loss.

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Rol
 

Registered: Jul 2009
Posts: 425

 

07-12-12 06:35 AM

Just a quick midweek update here. Current exposure is 35%. I will start expressing draw down using $100,000 as my HWM. I plan to withdraw money when the account gets above $100,000 at least thru the end of this year. Current DD is 0.39%. Now wishing I had stuck to my guns on my short SPY position. I think I was uncomfortable with the relatively large dollar value of the position, even though the actual volatility on it was not bad. I will stick with something like SDS or SH in the future, as the dollar value would be smaller on 100 share pops. Also, I can still play it as if I am long the ETF, which is more in my comfort zone. I am now holding 20 positions, with current BP to add 35 more.

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d08
 

Registered: Aug 2008
Posts: 1369

 

07-13-12 12:29 AM

Good luck Rol, you probably don't need it though.
Your journal definitely wins the award for the best title.

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