I am still not sure how to read the FOMC 50 basis points federal funds rate cut. Is our encomy that bad? Oh well, let’s see how long this rally will continue… I am stay on the sideline for now and getting ready to short the market.
NFLD hit my stop-lose @ $2.00 today and so, my trade trigger bought it back @ $2.00. Now, let’s review the trade. I shorted it @ $1.85 as I speculate that it will continue its way south but instead going south, it bounced, headed north and broke thru $2.00 per share. As I have my […]
Some of my friends emailed me about LuckySpeculator.com and told me that jump right into options trading in day1 was a bit too fast for them and that they can’t real follow what and how was I trading. They also asked me to explain what “long” and “short” mean #$%*@#@ (Are you kidding me? ) well, […]
short 5405 shares of NFLD @ $1.85/share been watching this stock for months now, the company’s only product isn’t going any where. Target $1.60 Stop lose @ $2.00
~$80 per barrel of the US benchmark light sweet crude! The raise of crude is in parallel of the raise of other commodities and as prices increase, there are traders who come and cause upward momentum in the prices of other commodities. And as China has become a major factor in commodities prices as she has […]
The name of this website is LuckySpeculator.com and in my previous blog, Why Do I Feel Lucky All The Time…, I kind of went thru my view on the term, lucky. And today while I was doing some reading on futures trading, I came across what I think is a great defintion of the word, speculator, and […]
Well, I followed my trading plan very strictly and didn’t trade on the days I didn’t feel like to and today I traded out of all of my remaining open positions: BABT.X & BANS.X not because I feel like to trade but because these they hit my target! So, I had to close them. So, let’s […]
EUQDI.X & EUQPF.X hit my target and I closed EUQDI.X @ $3.27 and EUQPF.X @ $1.95 So by closing these positions, I now have a total realized gain of $4,100!
So, here are my current open positions after day 2: Long 100 BABT.X @ $5.50 Short 100 BANS.X @ $6.20 Long 50 EUQDI.X @ $2.85 Short 50 EUQPF.X @ $2.35 And following is the first P&L after mark to today market closing price: BABT.X option closed @ $6.00 has unrealized gain of $5,000 BANS.X option […]
Long 100 contracts BABT.X (BA Feb 08 $100 call) @ 5.50. The total cost of this call is $55,000 Short 100 contracts BANS.X (BA Feb 08 $95 put) @ 6.20. The total premium collected from this put is $62,000 the total cost of construct this bull fence is -$7,000 which means I made $7,000. My […]