Monday, March 17, 2008

Big Day.................................Down Week 12 Update 1, Fully Invested

Down $2,595 (Yikes)

Well the day wasnt pretty I was expecting to lose on these positions this week but all at once. I took the down day on commodities as a buying opportunities and I used most of my capital on $62 left. The portfolio was down 2,595 I knew the portfolio would have probably been down this week but I was thinking 1,500 and over the course of 5 days not 1 !!! I do believe the commodities are still what you want to be in and I will take the decline as an opportunity to buy more if I can raise more capital (as the case was for FXE and SDS I sold to get more capital to trade with). Dont panic and be patient it will come back!

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Sunday, March 16, 2008

More Week 12 Trades.....................More to Come

I needed to put more capital to work, so I went on a shopping spree. I decided to buy the calls on POT SDS UNG WLT. I am looking to buy more on further dips in the stock prices. I wanted to get into each position at about $500 (I dont want to put too much money in since I'm wanting to buy on declines in the stock prices) so you might see some odd trades. I have to find something to put $3000 into I might consider buying the So the added on positions are:

Pot:
Bullspread 1
+1 Apr 08 160 Call
-1 Apr 08 165 Call
Bullspread 2
+1 Jun 08 160 Call
-1 Jun 08 165 Call

SDS:
Bullspread

+4 Apr 08 68 Call

-4 Apr 08 70 Call
Single

+1 Apr 08 69 Call

WLT:
Bullspread

+3 Jun 08 60 Call

-3 Jun 08 65 Call

UNG:
Bullspread

+4 Apr 08 49 Call

-4 Apr 08 50 Call

Single
+1 Jul 08 49 call

FXE:
Single
+2 Apr 08 157 Call

Remember I also added more picks Friday which are

Buy DBC +4 Apr 08 39 Calls
Buy DBC +2 Jul 08 39 Calls
Buy DIG +1 Apr 08 93 Call
Buy DBE +2 Apr 08 40 Calls
Buy DBA +3 Apr 08 42 Calls

Bull Spread:
BUCY +2 Jul 08 110
-2 Jul 08 115

MOS +3 Apr 08 105
-3 Apr 08 115

MTL +3 Apr 08 140
-3 Apr 08 145


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Saturday, March 15, 2008

Bulldogs Win!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 2 in 1 Day

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Goooooooooooo Dawgs Sic' em

Go Dawgs Game tommorrow Vs. Arkansas

Friday, March 14, 2008

The Streak Has Ended Down Day! Week 11 update & some Week 12 Trades

Down $196

So it was a rough day for my portfolio which is down about $200 today. DBA and DBC traded down so I took that as an opportunity to add-on to my positions. DBP was up on the day but I decided not to wait any longer for the down turn and also added on to that position. The broader Market was down, which caused a lot of good stocks to trade down, so I actually bought calls on stocks (its been awhile). I placed a vertical Bull Spread on MTL MON and MOS. I bought 1 Mos Apr08 110 Call then sold after a few minutes because I decided that the bull spread is more appropriate, the same thing was done with MTL except I purchased the wrong month (I got March instead of April). I'm waiting on a decline in POT so I can enter a position. I have more trades on the way so visit often. Oh yea Congratulations to the Georgia Bulldogs on a great Win over Ole Miss, Next game today vs. Kentucky @ 9:45 Goooo Dawgs!

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Positions Entered Today:
Single:
Buy DBC +4 Apr 08 39 Calls
Buy DBC +2 Jul 08 39 Calls
Buy DIG +1 Apr 08 93 Call
Buy DBE +2 Apr 08 40 Calls
Buy DBA +3 Apr 08 42 Calls

Bull Spread:
BUCY +2 Jul 08 110
-2 Jul 08 115

MOS +3 Apr 08 105
-3 Apr 08 115

MTL +3 Apr 08 140
-3 Apr 08 145

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Thursday, March 13, 2008

All Time High (AGAIN) Week 11 update 4

Gain of $160
Nothing special DBA DBP up and Portfolio @ All Time Highs. Next week I should be fully invested so be on the watch for Week 12 TRADES.

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