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Saturday, September 20, 2014

Weekend Portfolio Analysis (September 20, 2014)

Yesterday was September expiration. The two September positions expired worthless for max profit and the portfolio growth Year to Date is now +17.88%. That's a pretty decent return for 9 months. Don't be fooled by the way most sites report their returns. Also read my take on what realistic portfolio returns look like

SPX went from 1986.04 to 2010.40  this week for a 1.23% gain. The index is now up +8.7% year to date.

I didn't enter new trades and that makes it 32 days. New personal record. I feel relaxed and with plenty of energy to play offense now.

Saturday, September 13, 2014

Weekend Portfolio Analysis (September 13, 2014)

25 days without entering a trade. Getting close to my personal record of 28. That's what being lazy is about. And from the bottom of my heart I can honestly say, I love it! I love the lack of stress that comes from having positions that just work, burning up that theta decay without pressure at all. I know some people promote active trading as the only way to "make it". I personally couldn't disagree more. Constant entries and exits without real edge, trading costs going through the roof and a market that barely moves. Stress, frustration. You have to detect when you are committing trading suicide. Nobody is forcing you to do it. Patience is, to me, one of the most important traits as a trader. Patience to wait for your perfect entry without fear of missing out. Patience to delay exits or take positions all the way to expiration in spite of seeing some floating profits available that you just don't take yet. Patience to adjust at the right time without chickening out too early. Patience, patience, patience.

Investments in ExxonMobile (XOM), WSP Global (WSP) and Bank Of Nova Scotia (BNS)

Man, I was pretty aggressive this week. Maybe more than I should have been.

Exxon Mobil (XOM) Bought 10 shares at $96.57 on Thursday, September 11. My total position is now 18 shares at an Average Cost of $92.53.

Saturday, September 6, 2014

Weekend Portfolio Analysis (September 6, 2014)

It's been 18 days since I entered my last options trade. That's still far from my record of 28 days without entering new trades which was from April 26 to May 23 this year. I might very well break that inactivity record because if the market doesn't reach a short term extreme, either overbought or oversold, I won't enter new trades until around September 19 when I would enter a November Iron Condor.

I know my trading inactivity makes it less fun for readers and followers, but, it's what it is. I hate over-trading and over spending in commissions when I see no clear opportunities. Over time I have learned the hard way to appreciate importance of patience in traiding.

Position Initiated in Crescent Point Energy (CPG)

On Thursday, I purchased 35 shares of Crescent Point Energy (CPG) at a price of $43.23 after a huge gap down.

Saturday, August 30, 2014

Weekend Portfolio Analysis (August 30, 2014)

I was having a hard time while eating breakfast, thinking about what I would write in today's portfolio analysis without sounding boring or repetitive. The truth of the matter is that my action plan is still the same I outlined last week.

SPX went from 1991.74 to 2003.37 for a +0.58% gain. And because we didn't reach short term extremes I didn't enter a single trade.

Friday, August 22, 2014

Weekend Portfolio Analysis (August 22, 2014)

I'm going to be away this weekend so this is the right time for the Portfolio Analysis. It's now or never.

SPX went from 1958.36 up to 1988.40 this week for a solid +1.53% gain. I didn't manage any existing position and I opened the first one of the October expiration cycle: A RUT 1020/1030/1230/1240 Iron Condor that looks promising. There is nothing being threatened in the portfolio, and it's a time of joy at the Lazy Trader's home.

Tuesday, August 19, 2014

October 2014 RUT Iron Condor

Today I entered the first position of the October 2014 expiration cycle:

Monday, August 18, 2014

Position initiated in Black Diamond Group Ltd.

Today I bought 108 shares of Black Diamond Group at $27.90 (Canadian Dollars). A total investment of $3013.20. The stock symbol is BDI.TO. That's for some sites. I assume the .TO at the end is because it is listed in the Toronto Stock Exchange. Now, on other sites, it may be BDI.CA. So, you type .TO, if that doesn't work go with the .CA version. Same thing happens with other Canadian companies.