Weekly Update for week 36 ended 09/20/2008 An OK week, up 9.8K (7.2%). What a week it could have been! Did not play out. These are dizzying times in the markets. Who could have imagined the type of intra-day swings happening in the market and in individual financial stocks(AIG, GS, STT, MS etc). These are times where I wished I could be fully available to trade based on all the information flow happening. My big loser was GS long on Thursday. What harsh luck. Bought 1000 shares at 102, averaged another 800 shares at 94. Market kept collapsing, and I crashed out at 88.5, losing 17K, only for the stock to reverse and close the day at 108. What a difference it would have made if I had held till close of day, not to talk of holding overnight! Code: Opening Balance: 134,745 Net gain for the week 9,853 ------------------------------------------------ Net Balance: 144,598 Number of Trades 24 Number of Profitable Trades 13 Since Inception of Thread 01/13/2008 - 09/20/2008 Opening Balance: 102,615 Net gain (Less Margin Interest) 51,983 ------------------------------------------------ Balance Before Withdrawal: 154,598 (Up 51%) Cash Withdrawal -10,000 ------------------------------------------------ Net Balance 144,598 Number of Trades 861 Number of Profitable Trades 499 Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE GS 2008-09-18-11-16-36 2008-09-18-13-00-59 1800 176698 159459 -17270 LONG ------------------------------------------------------------------------ SPYIO 2008-09-16-10-52-00 2008-09-16-15-59-26 10000 20200 36000 15620 SPY CALL
Nice job neke - just don't think too much on what could have been. As you know, regret in hindsight is a very powerful emotion - don't let it get the best of you next week.
Weekly Update for week 37 ended 09/27/2008 Solid week, up 34K (23%). Pleased to have delivered a steady stream of winning trades (15 out of 17). The biggest loser was RIMM (shorted 2000 shares at 80.5 in afterhours on Thursday after their disappointing earnings. Very wrong timing, as the stocked rebounded soon afterward to about 83, and I freaked out and covered losing 4.6K). Had I held till Friday as I intended, I could have collected a cool 20K! The only other loser was a mere $40. The biggest gainer was buying puts on the SPY on Monday as the market showed signs of weakness after the prior two trading days of rally. Realised nearly 12K from the trade. Code: Opening Balance: 144,598 Net gain for the week 33,656 ------------------------------------------------ Net Balance: 178,254 Number of Trades 17 Number of Profitable Trades 15 Since Inception of Thread 01/13/2008 - 09/27/2008 Opening Balance: 102,615 Net gain (Less Margin Interest) 85,639 ------------------------------------------------ Balance Before Withdrawal: 188,254 (Up 83%) Cash Withdrawal -10,000 ------------------------------------------------ Net Balance 178,254 Number of Trades 878 Number of Profitable Trades 514 Top/Bottom Discretionary Trades for the week TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE SPYVQ 2008-09-22-10-10-27 2008-09-22-15-59-38 10000 30250 42000 11570 SPY PUT ------------------------------------------------------------------ RIMM 2008-09-25-16-37-15 2008-09-25-16-52-53 2000 165629 161009 -4661 SHORT
glad to see you are doing better! you're on fire now, no one can stop you you got the glow like leroy in the last dragon!!!
Neke, Do you sell your system? Also, why don't you put your journal up on Covestor.com? You can make extra money there..