I took first trade for new challenge.
Bought 5 Jan 50 calls for $1.97
Currently, HAL is pulling back. I understand that I am trying to catch falling stock but HAL has been very good for 2013 and I see year end buying in this name.
Sitting right at 100days here. I will watch this trade very closely because I Can not afford major draw down in initial trades. I will not allow more than 30% loss in HAL.
Stay tuned ……………..
In previous challenge I could not make 20K from 2K (once again).
But I did make $10K which in my opinion is not a bad result. See here
This will give me chance to run 4 more challenges even if they all go to zero.
I looked into my trades to analyze my entries and exits. I noticed that most of the times my entries were good but I exited too early. I am going to work on it for my next challenge.
If you are following me then please note that this should be considered as a game not an advise for trading with your hard earned money.
Feel free to leave your comments if you want to say something.
You can follow me on twitter or stocktwits @viks80
I closed my OIH puts for 2.90
Total profit $3300
Challenge should have been close by end of Nov but I was on vacation last week and OIH was working good so I kept it 4 extra days.
Total account value $10033
I got some messages regarding my last trade OIH.
I am on vacation right now. I am checking market time to time and I do not see any reason to take profit in OIH.
I am going to make it my last trade. Most probably I am going to close it on Friday or Monday.
Stay tuned …………
I am thinking I will fall short again on this challenge.
But I am doing better each and every challenge.
Bought 30 OIH Dec 51 puts for 1.80
I am not going to make fast trades just because challenge has only 10 days left.
My stop for OIH is close above 51.
Took loss in BMY.
Sold all 30 calls at $1.
Now holding all cash $6733
Only 12 days left for challenge but so looks like I am going to fall short again.
Bought 30 BMY Dec 52.5 calls for $1.45
Now that I have only 15 days left I need to make bigger trades.
I spent $4350 in this trade.
I still have around $3700 to make another trade.