"The only way to trade with Fibonaccis" journal

9/26:

SPY -$41,610.00
hedge $4,079.01

Net for this trade :

-$37,530.99 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
------------------------
-$28,684.05

 

9/27:

SPY -$34,200.00
hedge $3,480.78

Net for this trade:

-$30,719.22 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
------------------------
-$21,872.28

 

you should write some of the how you go about doing hedging

 

You and everyone else on this planet, which is why the only thing that makes sense and is risk managment & position sizing. I wish I could make sense of some of the things you are doing...

 

9/28:

SPY -$47,880.00
hedge $4,571.67

Net for this trade:

-$43,308.33 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
------------------------
-$34,461.39

 

9/29:

SPY -$42,693.00
hedge $4,137.66

Net for this trade:

-$38,555.34 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
------------------------
-$29,708.40

 

9/30:

SPY -$59,223.00
hedge $5,463.15

Net for this trade:

-$53,759.85 (unrealized)
+$1,223.60 (realized)
+$2,931.69 (realized)
+$1,129.72 (dividend)
+$3,561.93 (estimated dividend)
------------------------
-$44,912.91

It will be cool when we get out of this range, up or down.

 

No more daytrades?

 

No, I haven't done any intraday stuff in a while.

 

Put in a stop order to sell my entire SH position (1173 shares) at $44.90 which will be $4,055.55 before commission.

SH is currently at 46.91 but I want to lock in at least $4,000.

The next buy will occur if SPY hits $105 at which point I will begin buying SSO since it's cheaper per share and double weighted which means I can get the same dollar movement for less of an investment than it would take me with SPY.