Burned 6 commissions today! It is very difficult to find the perfect blend of instruments to hedge a portfolio. After selling the puts for a loss of 500, using the leftover money to buy puts with a closer delta, and buying the vix, I came up empty and also lost another 100 in the darn…

Market closed in positive territory for the week. While I think we might be putting in a bottom here, having 65% of the portfolio invested is a bit overweight considering that the market is not out of the woods yet and Greece is having elections over the weekend. As Jim Cramer put it, “while we…

Closed out my weekly put on the sell-off yesterday.

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…

Another shitty day in the market. Spain is still a mystery and traders seem to be selling any rally today. Bought spxu instead of a put so that I don’t have to deal with time decay because, this is getting frustrating- trying to time the market. -Regards

The markets opened up positively on Friday- positive meaning we are down only 20-50 points, a stable pullback. Because, with the moves we have been getting daily on the Dow, 100- 150 points had become the norm. This is actually what happens if you pay attention to the vix (amount of put buying). When it…

Ok, today we had follow through on technical support carried over from yesterday. Positive developments came out of China, and Europe (Spain) seems to have come to some kind of short-term agreement. I wanted the market to go down- let it burn and get it over with! But who can complain by being up another…