Archive for: April 2009

April 30, 2009

Mixed Bag of Emotions

Filed under: Finance,Uncategorized - 30 Apr 2009

I think I’m starting to fall prey to letting my emotions enter my trading decisions.  I’ve been far too underinvested ever since I said it was time to buy.  After not listening to …

April 29, 2009

Option Trade: DIA Vertical Call Spread for Credit

Filed under: Finance,Stock Picks - 29 Apr 2009

I’ve talked about the Dow Jones having a hard time reaching and staying above the 8,150 area for a while.  This morning after the bad GDP numbers were released the Dow soared and made it above …

April 27, 2009

Sold USO May 26 Naked Puts

Filed under: Finance,Stock Picks - 27 Apr 2009

I exited my last USO position with a loss.  That was on March 23rd.  Now that I’ve waited 30 days I can trade it again without having to worry about the tax implications from the wash rule stopping me from …

April 25, 2009

2 DJIA Charts – Ending April 24, 2009

Filed under: Finance,Indices,Stock Charts - 25 Apr 2009

Today I’m posting two views of the Dow Jones ($DJI) chart.  One is for the past six months and the other is only for the past one month.  On the six month chart I attempted to draw the same trend …

April 23, 2009

Sold FWLT Naked Puts

Filed under: Finance,Stock Picks - 23 Apr 2009

I own Foster Wheeler (FWLT) in my IRA and charted FWLT early this afternoon to decide if I should keep it or not.  Not only did I decide to keep it and put a limit order for out …

April 21, 2009

Bullish on Gold (GLD) Near Term

Filed under: Finance,Stock Picks - 21 Apr 2009

With my continuing bearish attitude towards the overall markets I moved my attention to gold and more specifically the major gold ETF, GLD.  I started with a limit order on a debit vertical call spread, but decided to switch it to a …

April 20, 2009

What Now?

Filed under: Account Summary,Finance - 20 Apr 2009

After April options expired this past weekend I’m left with little exposure in my account in either direction.  I only have three positions where I have investments, two stocks and one ETF.  That leaves me with a lot of cash …

April 19, 2009

Russell 2000 ($RUT) Chart – April 17, 2009

Filed under: Account Summary,Indices,Stock Charts - 19 Apr 2009

I posted a Dow Jones chart last week and pointed out the line of demarcation looked like 8,150 to me.  On Thursday and Friday the Dow was able to climb above that mark intraday, …

April 18, 2009

April 2009 Options Expiration

Filed under: Account Summary,Finance - 18 Apr 2009

I did well on some of my positions for April’s option expiration and others left a lot to be desired.  Basically I lost on all of my long options (the ones I bought) and did well on most of short …

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