My trades

Discussion in 'Journals' started by bobackmann, Sep 17, 2010.

  1. wow, I've been nervous for the past 5 minutes as nflx kept testing that $150 mark. Looks like I'm keeping the entire $359.99 though wooooooohoooooooooooo.....................

    Okay, so once that trade is out of my position list by Sunday I hope, I will have made $1182.02 from all the shorts I put on NFLX. If I sell the 5 170 call long at I might get about $125 back. The 5 long NFLX Oct 16 170 call did cost me $1668.95, so I would see a loss of -$360 on the entire trade if I close the long Monday. Screw it, I'm going to tie $5000 and try to short the 160 call on Monday. If I can get $1.02 or better and get about $500 back, I should be breakeven on even make a buck on the entire trade. Heck, I might even try the 155 call short at $2.02 and get $500 for my effort. Hopefully NFLX continues to trade below $150 as that's what I'm basing all this on. Still, I had contemplated sitting on the trade with the loss, but looking good now hahahahahahahhaah.....
    #11     Oct 8, 2010
  2. Well, depressing part is the 3 open positions, PLCE call +80 APOL call -906 and that NFLX call -1,499. Looks like that 1184 in realized gain is going down the drain soon...
    #12     Oct 8, 2010
  3. xburbx


    ill cut to the chase before someone else gets to this thread. here is the common theme you will get in regards to feedback

    1. stop trading until you get your emotions and trade plan under control
    2. stop taking on so much risk relative to the size of your account
    3. at 7500.00 in one trade on a 20k account, you are 3 trades away from losing your entire account.

    you will hear some other stuff, but most of it will revolve around the stuff above.

    it will then be followed up by

    you need to clock 10,000 hours
    you need to get on a sim until you can make money on that

    not trying to discourage you, just giving you a fair warning before people start getting nasty
    #13     Oct 8, 2010
    10/08/2010 O BTC NFLX OCT 2010 150 C 5 $0.00 $0.00 $0.00
    10/08/2010 O STO NFLX OctWk2 150 Call 5 $0.75 $14.95 $359.99 359.99
    Total Realized Gain/Loss for NFLX $359.99

    Total Realized Gain/Loss $1,184.93

    Well, that's the trade that expired worthless....
    Thanks for the heads up. Well, I'm collecting an unemployment check so that covers my weekly personal cost. Job market here is depressing so nothing out there. My plan here is just to test out trading after reading how everyone else here and on other blogs are making it. One thing I found common is experience is key and some actually said that live trading brings more experience than sims trading.

    As for $7500, I think that was the margin I had to put up for the credit spread I tweaked. After calculating, I think the only way I would actually lose that entire $7500 is if NFLX suddenly ran up to $170 yesterday. I'm home bumming now, so I watched the market all day yesterday and while the market was going up, NFLX did nothing, couldn't even beat up on $155, which is why I closed out the short 155 in favor of 150. I figured, I had about 5 hours of risk on trade and my breakeven on the short would be at $150.75 anyhow. Also noticed that at expirations, these stocks tend to stick very close to round numbers, pretty basic there as I'm sure the market makers would work their magic so that none of their short positions on both sides are in the red.

    Again, thanks for the heads up......this journal will actually allow be to go back and see how I changed a trade and if the change benefit me. I actually have all my trades up there in order and I'm getting a good idea on how the entire NFLX process is helping me so far.
    #14     Oct 9, 2010
  5. Out netflix:

    10/11/2010 O STC NFLX Oct10 170 Call 5 $0.63 $14.95 $299.99
    10/05/2010 O BTO NFLX Oct10 170 Call 3 $1.73 $14.95 ($533.98)
    09/30/2010 O BTO NFLX Oct10 170 Call 2 $5.60 $14.95 ($1,134.97) -1,368.96
    Total Realized Gain/Loss for NFLX ($1,368.96)

    Total Realized Gain/Loss ($184.03)

    Yep, loss is -184 but much better than before lol. If I did nothing, I would have just been sitting at this -1300 loss. I'm not done yet though, I bought 160 calls for 2.59 earlier today. I wonder if NFLX is reversing higher??

    The surprise was actually my PLCE call that was nice this morning after that gymb news. Lesson learned here is I should have pulled the trigger on PLCE when I saw it open.
    #15     Oct 11, 2010
  6. Started new this year, used up all but $5,150

    I already put in 6 trades with outcome of +$5.24. Yep, freaking 5 bucks in ten days.

    Open positions
    1 Har feb 42.5 puts at $0.10 -$163
    2 Lulu mar 75 calls at $5.60 +$469
    2 Open feb 85 calls at $5.00 +$0
    170 shares NTGR at $36.33 +$200.60

    unrealized gain/loss:: +$506.60

    If I can realized these gains, it could be nice.
    #16     Feb 5, 2011
  7. Yep, took some hits and losses but I'm back at another try, this time with help.

    I bought 3 CREE jan 24 2014 $62.5 call/ and 3 CREE jan 24 2014 $62.5 put for -2160 plus comm.

    I also bought 3 IBM jan 24 2014 $190/$195 call spread @ $1.80 average price for -540 plus comm.

    I believe both are reporting earning reports today and I have set up position according to the potential move after the reports.

    By the way, this is $4,100 that I can lose if I do lose it all...Hoping for a 1000% return....:D
    #17     Jan 21, 2014
  8. I bought 3 CREE jan 24 2014 $62.5 call/ and 3 CREE jan 24 2014 $62.5 put for -2160 plus comm.

    I also bought 3 IBM jan 24 2014 $190/$195 call spread @ $1.80 average price for -540 plus comm.

    So I adjusted my positions, I sold CREE 62.5 put @ $0.78 taking a loss of -$835.1 with commission.

    I expect total loss on IBM call spread, so that's going be a locked -$540 loss; but I bought 4 IBM Feb 22 2014 $180 put @ $2.50 for ~-$1,013 (w/comm.) expecting selling to continue over next 2-3 weeks.

    On the CREE 62.5 calls, my breakeven point is $6.42 or about $70 on the shares. Somehow, I expected CREE to move by an average of +/-15% or more, but that just didn't happen this time. As a matter of fact, this would be the smallest post earning move the past 5 reports if it stays under +/-9%. I think I'll look to adjust position add more CREE call position just to make up on the rally.
    #18     Jan 22, 2014
  9. And used the remaining capital on SNDK jan 24 2014 $75 call @ $0.99 costing me -$508. Got $98 in cash left, looks like I'm putting all capital to use right now, all or nothing on CREE IBM and SNDK
    #19     Jan 22, 2014
  10. I already had that loss on IBM call spread, but took additional losses on CREE to a total of -1,116 on that trade and the SNDK call was a total loss of -508. Overall, Not looking good again, except for my IBM feb 180 puts, which are close to a double and will cover some of the losses. Starting to think puts are the way to run the next few weeks.

    *$923.21 in cash and IBM trade is at $4.65 giving my account a little over $2,783, a loss of -$1,317 so far. It could have been worse though no doubt.
    #20     Jan 27, 2014