Ok, the road to riches definitely has not begun yet. This is a tough environment to invest in people. But with that being said, we are only down 10 percent year-to-date. Why? Because, no one could have foreseen the magnitude of this “pullback”. Well, it depends on what camp you were in. Did you think- ah nevermind don’t get me started. This market makes no sense any way to dissect. I know, I just cut out the last 2 pages of this post analyzing for nothing. But I must confess, I have made.. let me check…holy shit 36 trades! Wait 36 Trades! That is roughly 300 dollars, well ok, doing the calculations that’s not terrible. But if I make the same amount of trades every month, that’s 4000! Ok, so I need to cut that in half at the very least. Solution: I wish I could just buy stocks, forget about them, and that work for me somehow like it does for everyone else. Well, I don’t know where those people are but, we are in a turbulent times and I expect to make- let me think about for a sec…4 more trades with options. Maybe 6-8 if I trim instead of sell. That’s 100 bucks, roughly. Ok that’s nothing. And after that, I just expect to buy my stocks at the specified prices which would burn, spit balling here, 10 more commissions. I mean, that is all it would take if I don’t stray from the plan. But that won’t happen because that is what this website is for! You won’t let me, right?! Lastly, along with 300 lost in commissions, I have also taken losses in the amount of roughly 300 as well. So, a grand to make sure everyone is satisfied. Not good I know, but this May was the worst since 2010. I took some gains on a call, offset that with losses on puts, and declared some losses from tex, fwlt, fcx, and wll- positions I had before this website was created. They are gone from the books now, with 30% in cash, 50% in UPRO (down 7 %, so 2.3% SPY equivalent), and only 10% in tex (down 14%) and fwlt (down 20%)- respectively, with married SPY puts for insurance. We will add to these puts only if we break 1276 on the SPY- the 200 day mavg. We are now properly balanced for this volatile environment. With plenty of put option strategies to serve as my arsenal and ample cash, I am also ready for a fight.
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