Friday, September 5, 2014

What a Week!!!!

Check back to the labor day post because I totally nailed it. Again.

Those SPX SEP14 1990 puts? Bought 1 Tuesday for 11.50, sold it this morning after jobs # for 16.00
That's a profit of $450 while only using 5.75% of capital.

But I'm not done...

NFLX hit that double top on Wednesday and continued to decline Thursday. Bought 1 SEP14 475p for 7.40, sold yesterday for 10.25. That's a profit of $285 using 3.7% of capital.

BUT WAIT BECAUSE HERE'S THE BIGGUN.

GILD was rampantly overbought heading into this week; ATH MACD levels, ATH RSI levels, and a lengthy period of time above 70 to boot. So on Tuesday I bought 3 SEP14 105p for 1.50. GILD sold off hard this morning, hitting 97.54! I was able to get out of dodge just as it was rebounding, and sold those puts for 6.50 a pop, making out with a profit of $1500 on 2.25% of capital. YEAH BUDDY!!!

That's a total of $2235 in one week, the best week since March 22 when all the momo's began to crash, and taking less risk. 
And it brings total profits this year to... wait for it...

$18,421.57

That's on $25,000 of capital that I started the this blog off with, making ROI... wait for it...

+73.69%

So to anyone who has read this blog, at all, you were getting rock solid trading info. I may be an intermediate trader, and I'm still learning, but you can't argue with these results! 

Feel free to ask questions about the markets, trading methodology, indicators, risk, charts, ANYTHING!
For most people, financial markets are untenable and unintelligible. Let me help change that! 

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