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)

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