Friday, December 18, 2009

Update

I still have 4.5 Jan NG put that I sold for $2000+. It's virtually worthless, so I'm basically flat.

I know I was not diligent enough to update my open positions, but I'll just cut it from Open Positions area and paste here for my record.

At the end, I made some money, but I was in a huge drawdown. I mean a big. I was close to getting a margin call, so imagine that. I really takes only one bad trade to wipe everything out in this business. Now that I think, I definitely over-traded for my account size.

I'm going to take some time off. As a matter of fact, I just bought a building lot to build a house. Back in March, there was a lot I really liked, it's still available, but had I bought the lot, I would haven gotten a margin call and lost a sizable amount of money.

While I was in a drawdown, I decided that I'm glad that I didn't buy that lot because I didn't need it. It's nice to show off, but I rather have some money in my bank than worrying about hugh utility bills, maintenance, rooms that I don't use etc...

Anyway, I found a better lot with a better view and the community that requires a lot less restrictions not to mention there's no home owners association fees.

I'm not sure what I'll do as far as trading goes. Day trading and / or swing trading with 'STOPS' are likely. Position trades are not my thing.

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2. Sold 1 Feb Nat Gas 5.00 Put for 0.213 or $2130 (1/14/09)

Sold 1 Feb NG at 4.471 to offset the 1 NG 5 put
Bought 1 Mar NG at 4.446 (1/26)

Sold 1 Mar NG at 4.418
Bought 1 April NG at 4.430 (2/13)

Sold 1 Apr NG 4 put for 0.310 or $3100 (2/19/09)

Sold 1 Apr NG at 4.297
Bought 1 Jun NG at 4.497 (3/23)

Sold 1 Apr NG at 3.941 (offset 1 Apr 4 put)
Bought 1 Jun NG at 4.161 (3/26)

Sold 1 May NG 3.5 put for 0.105 (4/16)

Sold 1 Jun NG 3.5 put for 0.305 (4/24/09)
Expired worthless (5/26/09)

Sold 1 May NG at 3.167 (offset 1 May 3.5 put)
Bought 1 June NG at 3.279 (4/27/09)

Sold 1 July NG 4.5 call for 0.158 or $1580 (covered call,5/4/09)
Expired worthless (6/25/09)

Sold 1 Jun NG 4.25 call for 0.111 or $1110 (covered call,5/6/09)
Expired worthless (5/26/09)

Sold 1 July NG 5 call for 0.207 or $2070 (covered call, 5/8/09)
Expired worthless (6/25/09)

Sold 3 Jun NG at 3.638
Bought 3 July NG at 3.763 (5/21/09)

Sold 1 July NG 3.5 put for 0.210 or $2100 (6/4/09)
Expired worthless (6/25/09)

Sold 3 July NG at 3.863
Bought 3 Aug NG at 3.988 (6/23/09)

Sold 1 Aug NG 4.25 Call for 0.255 or $2550 (6/26/09)

Sold 1 Aug NG 3.5 Put for 0.210 or $2100 (7/2/09)

Sold 1 Sep NG 4.25 Call for 0.204 or $2040 (7/21/09)


Sold Lumber Mar 220 Put for 7.10 or $781 (1/22/08)

Assigned to 2 March Lumber at 230, rolled over to 2 May Lumber at 230.50 (3/6/08)

Sold 2 May Lumber at 212.20
Bought 2 July Lumber at 239.90 (5/1/08)

Sold 2 July Lumber at 239.50
Bought 2 July Lumber at 254.20 (7/1/08)

Sold 2 Sept Lumber at 255.50
Bought 2 Nov Lumber at 241.50 (9/1/08)

Sold 1 Nov 210 Put Lumber at 5.70 or $627 (9/18/08)

Sold 3 Nov Lumber at 193.10
Bought 3 Jan Lumber at 204.70 (1/4/08)

12/5/08:Sold 1 Jan Lumber 170 Put for 5.5 or $605
Covered for +4.6 profit or +$506 (12/5/08)

Sold 3 Jan Lumber at 166.80
Bought 3 Mar Lumber at 183 (1/6/08)

Sold 1 Mar Lumber 170 Put for 6.1 or $671 (1/8/08)

Sold 4 Mar lumber at 142.5 (offset 170 put at expiration)
Bought 4 May lumber at 153.025 (2/25/09)

Bought 2 May LB at 171.4 (3/30/09)

Bought 2 May LB at 179.1 (4/13/09)

Sold 8 May Lumber at 152.1
Bought 8 Jul Lumber at 170.05

Sold 8 Jul LB at avg 190.925
Bought 6 Sep LB at avg 214.95
Bought 2 Nov LB at avg 204.75 (completed on 7/7/09)

Sold 1 Feb NG at 5.831

I sold 1 Feb NG at 5.831. This is my last position of NG. I really thought we would test this year's high, but I guess, we'll pull-back first.

Thursday, December 17, 2009

Sold 1 Jan NG at 5.778

Nat gas report came good for my long. I sold 1 long today. I'm still holding 1 long. I might swap it to 4 QG instead of holding 1 NG.

Tuesday, December 15, 2009

Sold 1 Jan NG at 5.455

I sold one of my Jan futures longs at 5.455. I also placed an order to sell call options.

Wednesday, December 2, 2009

update

Yesterday, I got stopped out on my last lumber at 256.6. Today it's limit-down, so I guess it was a good thing. I still think I'm an amateur because after I existed, I kept going back and looking at what lumber is doing hoping 'since I'm out now, it should crash!'

Today I sold 1 Jan NG 4.5 put for 0.215. NG is making a multi-year low again (with regards to contract roll-over). There's a lot of bad news out there about NG especially with warm winter weather. I think one very cold week or two can change things very quickly and that's what I'm looking for. Since the only position I'm holding is NG, I'll probably add some more later.