Today I closed my NBR trade and opened up a new position on the RUT for July. I was able to get out of the NBR position for a small $0.10 profit or about 6%. I was hoping to get more, however I wasn’t comfortable holding based upon today’s weak movement.
After closing the [...]
And the market reacts! Wow! I thought about going long SPY calls yesterday to get in on a possible relief rally today – and boy do I wish I’d have done it! After the minutes from the Fed meetings came out today, the market spiked up over two hundred points on the [...]
So far this for the month of July look pretty normal. I’m still holding the long NBR Calls with the assumptions that NBR should get a nice pop here short term. If that doesn’t happen I will close for a loss. The Russell and S&P trades are looking nice and profitable today and [...]
Its been a hectic week for me and I’ve gotten a bit behind in my postings; sorry about that! At the end of last week, and earlier this week I did make two adjustments to the papermoney account – and I added a new page to the website, a portfolio overview.
I’ll be keeping the [...]
There it is… so far it looks as though we finally got the bounce I had been waiting for. The Russell flew up about 17 points this morning at the opening and the overall markets look like they will continue to move forward as we get a slight relief bounce. Barring any bad [...]
I’m going to hold the paper money position overnight and see what happens? It might be a good move, it might not be. If it is a disaster, I’ll close early in the AM. If your trading those trades, you need to make your own decision ? I walked with [...]
This has been a rough week! I am still going to stick by my guns and say that the market is in an oversold situation, but I don’t know if it will come back before Friday! Unfortunately for me, I only have until Friday for the market to come back or I am going [...]
Sorry! This article is a little late. I got tied up on Friday and didn’t have a chance to post the modifications to the papermoney account. I did make a few changes in the account and will work to unravel most of these plays early to middle next week. There are [...]
Now that was fun… After just getting flat hammered earlier in the week with crazy market movements and then readjusting to cover additional possible movements, the market decides that it would be fun to panic sell all through the morning. Violating almost every single level that I’m looking at for support. So what did [...]
This has been a pretty brutal week for the market, and as a result for some of the profits that have been taking in, in both the papermoney and my real trading accounts. I took some time last night to review the market data, and then during the day today I was able to [...]
