JW, "Your doing a good job trading!" You have consistently had a decent win/loss record and resonable profit levels and it looks like your heading for a good annual return. On another topic, click on the attached chart and notice that the SPY is moving in a slightly downward channel the past few months. If nothing else, its at least interesting. Jeff
Thank you Jeff. Although I don't use charts to trade, I agree with you that the pattern is rather interesting. I hope this also means I'll get some entry signals after two or three trading sessions.
2007-07-12 JW Trading Activity : Should've opened position at the close yesterday at $3.4 but instead got in at the market open this morning @4.10, missed 20%+ potential profit over night. Lunch meetings at market close hour, what can I say. Once the market opened I pulled the trigger without hesitation, and got my position filled at the lowest price of the day. Sold it at the market close @5.80. Chi-ching, buy low sell high, one great day. Closed position: SFBGS - SPY July 149 Call @ 5.8, +41.5% 2007-07 month to date return : 4.17% 2007 year to date return : 49.25% vs. 2007 year to date SPY (S&P500) return : 9.02% Trailing 12 Month Model Beta (SPY = 1 ) : -0.13 Trailing 12 Month Model Alpha (Annualized) : 80.85% Open position: 0
JW, "Excellent trading!" If you could repeat today's performance at least twice week, you could quit your job. Jeff
2007-07-26 JW Trading Activity : Arb play Today the options buy signal was strong until about 2 hours before the market close it started to fade. Does this mean tomorrow is going to be a down day? I don't know and quite frankly, I don't really care either. So I dicided to test the arbitrage concept again. The money in play was minimal but outcome is a positive one.
[30 min into market close] I think there was a bad print of DIA price day low of 131.14. This might screw up some ppl's stochastic calculation.