As I mentioned in my post on Friday, I was expecting two more trades to close soon as they would get closer to becoming worthless. It happened today! On Friday last week, my put selling trade against LINE lost value to $0.05 per contract, so I could buy it back (for free) and keep the Continue reading →
Today, I closed a trade against Line Energy (LINE) which I opened at the beginning of May (05/07/2014) with expiration in July – next month. I sold 1 put contract with 28 strike and July expiration for 1 dollar (or $100 collected in premiums). Today, this trade was worthless (it actually cost 0.05) and I Continue reading →
If you had a chance to read my “Curious history of a sucker” you know that I started investing back in 1996 and took many endeavors in losing money. I shrank my $30,000 dollars account to $4,000 in commodities trading, I lost another circa $15,000 in stock trading. But at that time I didn’t care Continue reading →
Corning Inc. (GLW) received an upgrade today and rallied in the morning. That put this stock out from a quite long squeeze into a rally. It was a first day when my indicator showed and entry point. So I decided to scale in another call trade out of my 3 planned trades. I planned to Continue reading →
Karen the Supertrader manages $190 million dollars today. She started with $100,000 four years ago. Her attitude? Never lose money! Once you get a premium, defend it. Never give it back.
My portfolio is normally correlated with the market. When the market goes down, my stocks go down too. When the market goes up, my stocks go up too. Today I experienced a total opposite behavior. The market went down (except the beginning and end of trading, but all my stocks went up: Is this a Continue reading →
Everything is okay, no worries, gold is a dead asset. It produces nothing, it creates nothing, it pays no dividends, it is not needed, and it will go down even more. So why the heck are Germans so baffled?
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