Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Off Topic > Off Topic - Trading The Financial Markets


Reply
 
Thread Tools Rate Thread
Old 06-01-2017, 03:17 PM   #31
barn32
tmrpots
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 2,285
Added one trade today. Going to be more selective. Way too many positions on.

Did two day trades for a small scalp and closed out my partial hedge on DG.

DG and BOX both went against me, so if there is no rebound by June 16th I'll suffer the full loss on both of them.

22 winning positions

34 losing positions

Attached Images
File Type: png 2017-06-01_1202.png (32.5 KB, 3 views)
barn32 is offline   Reply With Quote Reply
Old 06-02-2017, 10:57 AM   #32
_______
Veteran
 
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
Sold a covered call on a portion of my AAPL holdings.

160.00 7/21 $1.52

It's a decent premium in this market and if it's called away will be almost a 70% gain on the purchase price.
_______ is offline   Reply With Quote Reply
Old 06-02-2017, 11:31 AM   #33
Ocala Mike
Registered User
 
Ocala Mike's Avatar
 
Join Date: May 2010
Posts: 5,005
I like the above Apple move, selling the covered call.

barn32, I don't know you and I mean no offense, but I gotta think you're "action happy." Remember, bulls and bears can make a profit on Wall Street, but not so much pigs. You're gonna get killed with commissions and price shavings, no?

Worked with a guy at the track in the late 70's who thought he could beat the game with options; he went bust.

I have only one position, long in an instructional software company - I've got a double in it from a 15 months ago purchase. "Buy and hold."
Ocala Mike is offline   Reply With Quote Reply
Old 06-02-2017, 02:22 PM   #34
barn32
tmrpots
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 2,285
06/02/17, shop, b, 2, jul, 21, 100, c, $6.10, ($0.01), $1,219.99
barn32 is offline   Reply With Quote Reply
Old 06-02-2017, 02:26 PM   #35
barn32
tmrpots
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 2,285
Quote:
Originally Posted by Ocala Mike View Post
barn32, I don't know you and I mean no offense, but I gotta think you're "action happy."
You're not far off. I'm experimenting with some things. I usually learn by doing.

As things stand right now, if I liquidated everything I'd be down about $100.
barn32 is offline   Reply With Quote Reply
Old 06-02-2017, 04:57 PM   #36
Ocala Mike
Registered User
 
Ocala Mike's Avatar
 
Join Date: May 2010
Posts: 5,005
Not a bad investment for a learning experience, right?
Ocala Mike is offline   Reply With Quote Reply
Old 06-02-2017, 07:57 PM   #37
barn32
tmrpots
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 2,285
Quote:
Originally Posted by Ocala Mike View Post
Not a bad investment for a learning experience, right?
I've learned a ton. Made a lot of good decisions and a lot of bad ones. I've got some good ideas out of it as well, especially for next earnings season.

I had one trade today, and closed out 7 others.

55 open trades.

16 winning

39 losing

Wow. It looks worse than it is, but it's still bad. I've cashed for $1450, and the existing trades are down $1700.

Attached Images
File Type: png 2017-06-02_1043.png (56.3 KB, 3 views)
barn32 is offline   Reply With Quote Reply
Old 06-04-2017, 02:08 AM   #38
barn32
tmrpots
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 2,285
Here is one little interesting tid-bit that I've learned.

The Average EPS Earnings Season 'Beat Rate' Is 62%
barn32 is offline   Reply With Quote Reply
Old 06-05-2017, 04:13 PM   #39
barn32
tmrpots
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 2,285
One trade today. Nothing closed out. Will be closing out a lot of big losers soon.

Some of these far out in time trades are based on possible takeover chatter, such as Sprint (S), which might, maybe, could be taken over by T-Mobile (TMUS). If that happens, then you have a real home-run.

Either way, entire portfolio is up about $250. We'll see what tomorrow brings.

[ilg, b, 2, dec, 15, 29, c, $1.15. $.09]

Last edited by barn32; 06-05-2017 at 04:15 PM.
barn32 is offline   Reply With Quote Reply
Old 06-05-2017, 04:43 PM   #40
oughtoh
Registered User
 
Join Date: Mar 2017
Posts: 1,032
What is something someone can read to understand what options are?
oughtoh is offline   Reply With Quote Reply
Old 06-05-2017, 04:52 PM   #41
barn32
tmrpots
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 2,285
Quote:
Originally Posted by oughtoh View Post
What is something someone can read to understand what options are?
Lots of stuff online, but this book is free. ($10 for shipping) I'm reading it now.

22 Rules of Investing, plus it comes with a PDF Options Strategy Guide.
barn32 is offline   Reply With Quote Reply
Old 06-05-2017, 05:26 PM   #42
ReplayRandall
Buckle Up
 
ReplayRandall's Avatar
 
Join Date: Apr 2014
Posts: 10,614
Quote:
Originally Posted by barn32 View Post
Lots of stuff online, but this book is free. ($10 for shipping) I'm reading it now.

22 Rules of Investing, plus it comes with a PDF Options Strategy Guide.
These guys are nothing but re-hashers, using the term "investing" rather than "trading"......If you want the "original", it's Dennis Gartman’s 22 “Rules of Trading", clearly superior.

http://www.sfu.ca/~poitras/Rules.pdf
ReplayRandall is offline   Reply With Quote Reply
Old 06-05-2017, 07:47 PM   #43
barn32
tmrpots
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 2,285
Quote:
Originally Posted by ReplayRandall View Post
These guys are nothing but re-hashers, using the term "investing" rather than "trading"......If you want the "original", it's Dennis Gartman’s 22 “Rules of Trading", clearly superior.

http://www.sfu.ca/~poitras/Rules.pdf
I had you on ignore, but somehow you snuck through.

You, as usual, have no idea what you're talking about. The "books" are completely different. And since, you haven't read the former you would have no way of knowing if it's superior, inferior, fiction or fact.

The book I recommended and the accompanying PDF are exclusively about options.

I've never heard of Dennis Gartman.

Back on ignore you go.
barn32 is offline   Reply With Quote Reply
Old 06-06-2017, 05:45 PM   #44
barn32
tmrpots
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 2,285
No new trades. Rolled two winners into spreads.

60 open trades

22 winnners

38 losers

Cashed for $1450

Open trades minus -$1000

Attached Images
File Type: png 2017-06-06_1441.png (48.3 KB, 2 views)
File Type: png 2017-06-06_1442.png (104.4 KB, 3 views)
barn32 is offline   Reply With Quote Reply
Old 06-07-2017, 10:34 PM   #45
barn32
tmrpots
 
barn32's Avatar
 
Join Date: Jun 2008
Posts: 2,285
Added two bull spreads in XOP (oil)

Rolled three winners into spreads (as a hedge)

Sold off a small winner ($40)

17 positions expire next week, or the week after, on June 16 and June 23 (Unless I roll), and as of now 13 of them are losers.

Appx. 57 positions

23 winners

34 losers

Bad day today. Currently around breakeven, which is where I'm hoping to end up when all is said and done.

Attached Images
File Type: png 2017-06-07_1913.png (7.5 KB, 2 views)
File Type: png 2017-06-07_1932.png (55.5 KB, 1 views)
barn32 is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 05:05 PM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.