I did a broken wing butterfly earnings trade in ULTA. If we close over 270, I'll break even on the trade. If we are below 270, I start to make money. Below 250 and I start to lose money. Ideally? $260.00.
Dear Santa Gil. Can I please have one more down day tomorrow to finish off the week? Pretty please with sugar on top? And make it a big one!
I finally found myself guessing correctly on the OPEC deal. Market had already priced in that the deal was toast, so I bought USO @ $10.09. Sold 30% of the position at $10.75 on Wednesday, holding the rest until Friday and hopefully lock in $11.30+. This type of trade hardly ever happens to me. Like my pic, I trade on the quick bounce, so I never realize large overnight jumps like this.
Semi interesting statistic. Since I started trading again around October 5th (Give or take), I've already paid over $700 in commissions and fee's to TD Ameritrade. I'm keeping track of all of my trades via a spreadsheet. It's tedious at times, but I like to be able to look at any given moment at how I'm doing, especially with certain trades. For example, I can see quite clearly during election week that I did terrible. Of course, I already know this, but, I like the visual. Perhaps at the end of the year I'll share all the numbers here so everyone can see how I trade. Or maybe that's too boring and no one cares. But man oh man, $700+ in commission and fee's so far. It surely doesn't feel like that. How nice would it be to be able to cut that in half or more?!
Yeah it's pretty eye opening, how much the broker benefits from an active trader. I've spent $250 in the last month. That could translate to a nice gadget, each month. But I'd run out of shelf space if I did that.
I knew Kevin McCallister had a great mentor and would be a successful businessman Happy Holidays everyone!
I do this too I also have a "returns" section set up on my spreadsheet that I update at the end of every week for all my accounts so I can see at one quick glance my returns by week, month, quarter, and year. Shows the week, contribution made to the account (example: 401K contribution bi-weekly), current value, and % gain. I also have a separate tab in that spreadsheet for each individual trade to see all the details (investment size, # of shares, price bought, price sold, date entered, date sold, % gain, total profit/loss, which account it was in, etc.). That way I can easily look up details of anything I need to.
That is why I love Robinhood - no commissions (but I am sure my fills suffer) The only issue is that they do not provide options or going short. Also if you're code savvy Robinhood has a very easy to use API that allows you to run algorithmic trading - set is an forget it, kinda(I always check to make sure it is functioning correctly)
Asia's closing from last night and Europe how it currently stands: Pre-market for US heading into the open soon:
My ULTA trade worked out pretty good. Took in $1.60 after entering the trade for even money. I almost had a fantastic trade. Kept the long put at $145 and thought for a moment we were going to keep falling. Sadly, that didn't happen. Ah well. Maybe the stock will crash before the end of the day.
Even when we were up a little my account was looking nice. If we can get a sell off into the close, I'll be pretty happy.
Guess I am not doing anything today, don't want to have too many positions heading to the Italian referendum this Sunday
No idea whats happening with the Italians this weekend. Let's hope all my trades are on the correct side. Whatever that happens to be.
I forgot all about it too, probably because @Cy McCaffrey hasn't been around this week to remind us of the big events that could affect the market going on in the world. Probably shouldn't have opened quite as many small positions as I did this week!
