icemans' IRA trading Journal

Discussion in 'Journals' started by iceman1, Jan 21, 2006.

  1. DNA

    order adding 7 more DNA March 85c @ 130

    stubbornly continuing to stay in this one even though I have not been rewarded, and my open position in DNA calls = loss 620.

    But I have to stay with my gut so far. Chart is not exactly my friend.
     
    #41     Feb 16, 2006
  2. April QM

    PnL +159

    actually I made a mistake - plan was to add two (2 ) QM Aprils but I got distracted following so many expiry plays in other accounts. Really need this long weeked.
     
    #42     Feb 16, 2006
  3. well-- maybe we get there tomorrow?

    WHAT me complain? :D

    Go for it ------ da GOOG !

    sold GOOG March 340c @ 23.10 (too early - was going to roll immediately into 360c @ 1720 but heistated for a split second- and BAM!)

    One of my biggest faults is getting too cute with rolling out or up (down). I seem to wait for a "better price" and more often times than not miss riding more of the trend. Gotta adapt my mindset this year to more of a day trader mentality.

    PnL +420


    day order selling 8 GOOG March 400 @ 360
     
    #43     Feb 16, 2006
  4. yeahhh Baaabby! Give me a hedge fund and we'll make a fortune!

    sold 8 GOOG March 400c @ 370 (avg)

    PnL +950

    now + 2 GOOG March 390c @ 590
    gtc order adding 6 more March 390c @ 5
     
    #44     Feb 16, 2006
  5. I dunno... you're not too reliable on wagers. I'm not the one stating causation. I'll never understand passing the buck on some exogenous event or conspiracy theory.

    I still don't follow your logic; if you're so convinced of pinning, why not take advantage of this phenomena? If you're certain of manipulation then you'd be a fool for placing a side bet over a market bet.
     
    #45     Feb 16, 2006
  6. What happened to those two Mar 370 calls you're long? Was that traded in your taxable account?
     
    #46     Feb 16, 2006

  7. yes

    still long 2 March 370c @1170
    just sold 2 390c @ 5.90

    order buying 2 March 400c @ 280
     
    #47     Feb 16, 2006
  8. just kidding around with you on the wagers. Having fun. But I do think I could ID "pins" (arb levels) at least 7/10 times or get close enough to make it an "edge" !

    Yes if you want to start a fund with me to trade off expiry plays we can do great! But you need risk capital to make the strategy work. Retail b.s. margining doesn't allow for as much of an edge.

    When I trade haircut next month will do many more expiry plays!
     
    #48     Feb 16, 2006
  9. MNX

    + 7 MNX ON (march 170 puts mini-ndx 100)

    @310

    let's see if I can scalp .70c
     
    #49     Feb 16, 2006
  10. DNA

    premise on holding/adding DNA in this account is/was that it gets unwound back to $85

    did not fill on march 85c order

    + 7 March 85c @ 2.75

    u/r PnL -240

    If this one goes positive manana then we will have zero losses in this account other than 1 lot on QM. This is NOT a goal, i.e to have no losses-- but we need to outperform in order to get account to 75,000 by 12/31/06. SO don't want to see a lot of losses. Damn PDT rule right now makes it more diffcult until account is >25k

    After expiry I intend doing min 10 lots in this account - max of 25.

    open orders:

    GTC order 20 buying JBLU January07 15c @ .70
     
    #50     Feb 16, 2006