Around 450K is a large psychological barrier ( probably had a large blow up before at that level? ) par down size and control risk till you are above 500K. If you can break 500K, I'll bet good money you'll close above 700K for this year.
Weekly Update for week 38/50 ended 10/03/2009 Working late in the office tonight, so will post details tomorrow. But it was a nice week, up 45K (11.6%)
Awesome job! I always told people that you must do things different to get different results from everyone else.
I'm not absolutely sure (the math is tricky here), but I think that $437,000 is a new high Rockin' it, Neke!
Weekly Update for week 38/50 ended 10/03/2009 Nice week, up 45K (11.6%). Another decent win rate (16 of 21). Glad to be at a new high. Started bad on Monday, fading the market early strength with SPY put, thought it was a dead-cat bounce. Didn't know it would finish up 1.90 on thin volume. No surprise it trended lower the rest of the week. Interestngly, the biggest gain was from ETRM on friday. Bought a token 50000 shares @ 0.90 pre-market (just 45K exposure, or 11% of account). Sold intra-day @ 1.24, gaining 17K. Waited for the market to sell of in the early goings, did not get to my limit, so missed a good part of the bounce, but made some money on AAPL call, buying into the strength after the upgrade. Looking forward to next week. Code: Opening Balance: 391,898 Net gain for the week 45,266 ------------------------------------------------ Net Balance: 437,164 Number of Trades 21 Number of Profitable Trades 16 Since Inception of Thread 01/10/2009 - 10/03/2009 Opening Balance: 320,064 Net gain (Less Margin Interest) 117,100 (Up 37%) ------------------------------------------------ Net Balance 437,164 Number of Trades 987 Number of Profitable Trades 621 TICKER ENTRY DATE/TIME EXIT DATE/TIME QTY PURCHASE AMT SOLD AMT GAIN/LOSS TYPE ETRM 2009-10-02-08-16-47 2009-10-02-10-29-50 50000 45000 62000 16985 LONG APVJQ 2009-10-02-09-49-17 2009-10-02-14-14-33 20000 86285 97000 10439 AAPL CALL SWGJA 2009-09-30-09-47-56 2009-09-30-12-32-46 40000 84160 94000 9290 SPY CALL CIT 2009-09-30-09-33-25 2009-09-30-09-38-44 50000 61500 69000 7484 LONG RIMM 2009-09-28-15-50-28 2009-09-29-13-38-30 3000 199138 204450 5293 LONG SWGJX 2009-10-02-09-46-59 2009-10-02-14-40-46 40000 99773 104428 4097 SPY CALL RFYJM 2009-09-28-15-40-36 2009-09-30-09-31-39 3000 11100 15240 4087 RIMM CALL ---------------------------------------------------------------------------------------- CMG 2009-09-29-10-13-09 2009-09-29-15-21-54 4000 389740 387844 -1962 LONG SWGJZ 2009-10-01-10-07-31 2009-10-01-11-38-30 40000 86000 78400 -8143 SPY CALL SWGVB 2009-09-28-09-45-22 2009-09-28-14-30-23 40000 92920 78800 -14663 SPY PUT
Hey neke, I know you have been having these journals for a few years now and was wondering is this your main source of income - is this what you do? Or is this something on the side and the 117k you have pocketed so far this year nothing more than "black truffle gravy"? Curious as to the psychology behind the trading.