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Saturday, August 27, 2016

Weekend Portfolio Analysis (August 27, 2016)

Well, for the first time in a good while we saw some weakness. It almost feels like a crash after so many weeks of every minimal decline being bought aggressively. The market was down 0.74% for the week and it is now up 6.12% for the year.

Friday, August 26, 2016

October RUT Unbalanced Iron Condor

Wednesday, August 24, 2016

Do it yourself

I remember the first time I grabbed a book about trading as if it was yesterday. Somewhere in the year 2007 while in the middle of my plans to emigrate to Canada, an ex-girlfriend gave it to me (I have many ex-girlfriends but none as productive as this one). We had broken up about 3 years before, but stayed good friends. So, she had a boyfriend who was living in Mexico and bought her this book about the Stock market, for her to study while still in the island, and she thought I'd find it interesting.

Saturday, August 20, 2016

Weekend Portfolio Analysis (August 20, 2016)

Back in the Home of the Brave, welcomed by total boredom in the markets. Every now and then we get summers like this one of very little activity. As an options seller, this is good if you are already riding a few positions. Typically not so good if you want to initiate new ones. But, you've got to play the card you're dealt. In any case, weeks like the ones we have had in August, are good to dedicate time to your hobbies, better focus on the job, etc, etc, etc. Not so good to constantly be entering and exiting the markets, feeding your insatiable broker with an endless supply of commissions.

Wednesday, August 17, 2016

The Practice

It's common to hear that Paper Trading is useless, as emotions are not involved and therefore it will never be anything like real trading. Based on this, some people advice to not use a paper trading account and instead, jump straight to trading with real money, just with a very small amount as you learn the ropes.

Saturday, August 13, 2016

Weekend Portfolio Analysis (August 13, 2016)

Folks, there wasn't much time to look at the markets this week, or tweet or anything. My presence in the social media universe was limited in the middle of a busy week at work, in an office environment for the first time in 17 months. No trades either, and the markets barely moved. For this reason, the market conditions segment is going to be almost the same, but I will take advantage of this quiet environment, where there isn't much new to say, to analyze the current positions in more depth.

Monday, August 8, 2016

Saturday, August 6, 2016

Weekend Portfolio Analysis (August 6, 2016)

Royal Bank of Canada. 200 Bay Street.
This is what it looks like....what it feels like, that's indescribable.
The city of Toronto feels like home in my heart as much as it did the day I left 17 months ago. It feels great to be writing from this place today, where this blog itself was born in September of 2010. I will keep coming back, at least once a year.

But wait a minute? What the hell is this? This is not LT's Kardashianesque adventures in North America? This is not Departures Magazine, let alone Royal Le Page?! So, let's get down to it, shall we?

Monday, August 1, 2016

September RUT Lazy Elephant

Today was the official debut of the Lazy Elephant strategy with real money:

Buy 10 RUT 1090 Sept Put  (3.85 each =  385 * 10 = $3,850 debit)
Sell 10 RUT 1100 Sept Put  (4.50 each = 450 * 10 = $4,500 credit)
Sell 10 RUT 1280 Sept Call (3.55 each = 355 * 10 = $3,550 credit)
Buy 12 RUT 1290 Sept Call (2.50 each = 250 * 12 = $3,000 debit)
Buy 1   IWM 113  Put (0.86 = $86 debit)