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Saturday, September 27, 2014

Weeked Portfolio Analysis (September 27, 2014)

What a fun week Mr market gave us! It's always entertaining to watch the different financial media outlets and all sorts of pundits seeing the end of the world "oh so close". The SPX index went from 2009.08 to 1982.85 for a 1.31% loss, and I was unusually active: I entered a November RUT 970/980 Credit Put spread, I increased my long term investments in these two companies and I also made this small, very low risk, speculative play on IWM using December options.

Wednesday, September 24, 2014

Investments in Crescent Point (CPG.TO) and Telus (T.TO)

The Canadian TSX index has been taking in on the chin lately and fell below its 100 Day Moving Average after more than 13 consecutive months trading above it. With this decline, it is understandable that most stocks on the Toronto Stock Exchange have been going down as a school of fish.

Tuesday, September 23, 2014

December 2014, IWM Long Call

Today I entered the following low risk, very speculative play using December IWM options:



Monday, September 22, 2014

November 2014 RUT Credit Put Spread

As originally planned on the weekend portfolio analysis, I sold a RUT 970/980 Credit PUT spread in what I consider to be a short term oversold extreme. Here's the trade:

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.