Sunday, February 3, 2008

Week 6 Trades: Fully Invested

This week I decided to speculate a little with more aggressive trades, after all I'm playing with the houses money I'm only supposed to up 12,000 at this point, but I'm up much more. All the picks Involve buying call and all are bullish except SDS.

Walter Industries Inc. (WLT): +7 Feb 45 Calls stops @ +20% & -20%
Reliant Energy Inc. (RRI): +18 Feb 22.5 Calls stops @ +20% & -20%
Waste Management, Inc. (WMI): +10 Feb 32.5 Calls stops @ +20% & -20%
Seaspan Corp. (SSW): +9 Feb 30 Calls stops @ +20% & -20%
Harsco Corp. (HSC): +10 Feb 55 Calls stops @ +20% & -20%
Carrizo Oil & Gas Inc. (CRZO): +6 Feb 50 Calls stops @ +20% & -20%
UltraShort S&P500 ProShares (SDS): +5 Feb 59 Calls (Downside Hedge) stop @ -20%

Order Statement
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WLT

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RRI

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WMI

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SSW

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HSC

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CRZO

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SDS

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Account Statement
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1 comments:

Anonymous said...

Nice to see you are finally putting in some down side protection. I would tighten up my loss side a little. You should limit the losses to less than your gains since your triggers do not allow the gains to run. 10% limit on the loss and 20% limit on the gain would make more sense as an example. You need to let those winners run more that the losers. If you don't you will have a big problem when you start taking 100K positions once your account gets higher.

Good luck