What a day! All trades met their target with ease. We could have added another 50% gains, but nevertheless, 88% gains were booked today. Portfolio is already up 40% in 2012. Our positions were well-positioned for a profit even with 100 point fall/rise of DOW.
Market has enormous strength. It was difficult for me to hold myself from entering straight vertical calls last week, so we went ahead with flat market strategies. We just followed the great words, in principle "Don't be greedy when others are." It paid off.
S&P downgraded several European nations and impact of this is unknown. Market may be looking beyond this event on Tuesday. Financial results announcement may lead to volatility in the market. Watch VIX next week. Next week is the options expiration week. It will be exciting! There are no new positions entering the next week. It may be a good idea to open long-term calls on Goldman Sach (GS). EBay will be reporting results next week. I am expecting upside.
Impressive trading!
ReplyDeleteWhat trades will you be looking for next week?
Thanks! These trades are very short term, so not sure which stock will meet my fundamental and technical criteria. There will be a trade though
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