It’s about that time again. I’ve doubled up the papermoney account over the past three years or so and I’m going to reset it back to $100,000 and do it again.
So, the account has been reset, and I’ve created a brand new fancy table tracking system to get a better read on the trades that go into the account and how they work together. Take a look at the picture below and you’ll get an idea of how the table works. I’m grouping complex positions together as I’ve gotten in the habit of legging into positions lately.
To start this whole thing off again, I’ve entered in an order by buy some April 140 SKF Puts. Take a look at the last 6 months of SKF(19.89 -0.14)
Because of the compounding nature of the 2x ETFs, this bad boy is bound to come crashing down to earth again very, very soon. A choppy market, or a sharp rally in the financials will bring SKF crashing down from the current price of over 250. I should get a fill when the market opens up on Monday. Once that happens, I’ll enter the trade into the paper money page and post a note.
