October 2018 Trading Strategy



The market has continued to rise higher despite U.S. political drama, trade war, Middle East conflict, China's aggression in the disputed islands. Not to mention the midterms are on the horizon with the FBI investigating Russian election interference.

I'm still bearish. I am fully aware I can not time the market, but I am putting my money to work before it becomes obvious the market is selling off. I have been bearish for the past 24 months, I have taken bullish positions to supplement my losing bearish positions. My stubbornness is my willingness to commit to a strategy of being one of the first to take advantage of a slow down (when) it happens.

My current positions are all bearish(I cut my losses quickly and hold on to my winners).
For the month of October, I'll update this post in the comments section from my phone.

Bought 10/3/18 @  3.40
DIA NOV02'18 270 PUT
Close    ----
P&L 69

Bought  Sep
THRM DEC21'18 45 PUT
Close    ----
P&L 93

Bought  Sep
UVXY2 MAR15'19 CALL 
Close    10/3/18
P&L -132

Bought  Sep
WFC APR18'19 PUT
Close    ----
P&L 72





Comments

  1. God know I did not expect the Dow to selloff 300+ points the next day. However, I've been here many times before. Could this be another buying opportunity for the Ultra Bulls? Time will tell. Hope you all have made a good profit today, many of us have put more than enough skin into this game.

    ReplyDelete
  2. Looks like today is shaping up to be another selloff...? I would like to be able to sit back and just let my position work, but I have lost a good profit too many times to let this one get away from me. I will watch the market today carefully to make sure my position is worth holding over the weekend.

    ReplyDelete
  3. As of October 8 2018
    Bought 10/3/18 @3.40
    DIA NOV02'18
    UnRealized P&L 305 |
    RealizedClose ---286

    Bought Sep @1.90
    THRM DEC21'18 45 PUT
    UnRealized P&L 160 |
    RealizedClose --- 121

    Bought Sep @2.45
    WFC APR18'19 PUT
    UnRealized P&L 48.9 |
    RealizedClose ---31

    Total $437

    Now I wait for another opportunity to risk my capital in hopes of building on my profit.

    ReplyDelete
    Replies
    1. I didnt wait long to get back into the market, still picking bearish positions.

      October 10th 2018

      Bought 10/10/18
      MS JAN18'19 46 PUT @2.34
      UnRealized P&L --
      Close ---
      MS JAN18'19 46 PUT @--
      RealizedClose ---

      Bought 10/10/18
      BABA NOV09'18 -157.5/170 CALL @2.46 credit
      UnRealized P&L --
      Close ---
      BABA NOV09'18 -157.5/170 CALL @2.46 credit
      RealizedClose ---

      Delete
    2. Correction. 2.64 credit, if the position works.

      Bought 10/10/18
      BABA NOV09'18 -157.5/170 CALL @2.64 credit
      UnRealized P&L --
      Close ---
      BABA NOV09'18 -157.5/170 CALL @2.64 credit
      RealizedClose ---

      Delete
    3. Still holding on to BABA, closed MS as it was not making enough profit fast enough for my comfort level.

      Bought 10/10/18
      MS JAN18'19 46 PUT @2.34
      UnRealized P&L -- 27
      Close ---
      MS JAN18'19 46 PUT @2.58
      RealizedClose --- 21
      --------------------------------
      Bought 10/10/18
      BABA NOV09'18 -157.5/170 CALL @2.46 credit
      UnRealized P&L -- 116
      Close ---
      BABA NOV09'18 -157.5/170 CALL @2.46 credit
      RealizedClose ---

      Delete
    4. Bought 10/10/18
      BABA NOV09'18 -157.5/170 CALL @2.64 credit
      RealizedClose --- 125

      Delete

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