Hello guys,
Since I branched over to live money trading as well as futures trading on top of options, I have been keeping track of all my trades and adjustments on a spreadsheet so it has been hard to post all my trades on this blog. I currently am trading for a few people I know so I am diligently working on those accounts and getting everything up and running. This site is temporarily under construction, but I will resume posting my trades after the new year.
This month is always the most difficult of the year to trade as volume decreases because of holidays and time off for traders. Also, we have had quite a bit of volatility as our future President Obama and his teams try everything to salvage this great nation. Trade very cautiously during this time if at all. There's nothing wrong with taking a few weeks off from it either.
I am currently in some diagonal trades on BAC, C, GE & SNE. I also have a wide spread iron condor on RUT with a long put and long call for protection.
If you are looking for a great site and a trade team, please check out www.insanemoney.com. My good friend Mojo started that blog over a year ago and it has grown into a community of traders all aspiring to trade full-time. Check it out and see what you think.
Merry Christmas & Happy New Year to all!
Stay tuned for future posts...
Tuesday, December 16, 2008
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