The bad month continues… 😐 . I stopped trading in the middle of May to get a breather. I think if I were to get revenge on the market, my funds will probably get less. I figured it was my desperation to break the $5k mark that clouded my decision-making as well. I bought VMC based on Option Intelligence’s recommendation and seeing that it wasn’t doing well, I still held on as if some miracle will happen. Of course, that didn’t happen so I let it expire since it was way out of the money already (luckily I took only one contract).
Some of my other trader friends (who aren’t using star trading system) aren’t doing very well as well, this is so weird. I thought people should be making money when the market’s up, up, up.
Balance after exit trades made in November: $2,757.47 (-14.10%). Click “read more” to see my trades.
|EXEC TIME||SPREAD||SIDE||QTY||SYMBOL||SPC||EXP||STRIKE||TYPE||PRICE||NET PRICE|
|Star Trading System|
|5/1/07 21:52:46||SINGLE||BUY||+1||VMC||100||MAY 07||125||CALL||1.10||1.10|
|RETURN: -100% (let expire)|
|5/4/07 22:30:38||SINGLE||BUY||+2||ICE||100||MAY 07||140||CALL||3.20||3.20|
|5/7/07 22:06:15||SINGLE||SELL||-2||ICE||100||MAY 07||140||CALL||2.25||2.25|
|Options Intelligence Picks|
|5/3/07 23:40:44||SINGLE||BUY||+5||GMT||100||JUN 07||50||CALL||1.75||1.75|
|5/22/07 00:40:33||SINGLE||SELL||-3||GMT||100||JUN 07||50||CALL||2.05||2.05|
|5/22/07 22:25:07||SINGLE||SELL||-2||GMT||100||JUN 07||50||CALL||2.05||2.05|
|5/17/07 02:21:12||SINGLE||BUY||+3||ROSE||100||JUN 07||25||PUT||1.90||1.90|
|5/21/07 23:15:58||SINGLE||SELL||-3||ROSE||100||JUN 07||25||PUT||1.10||1.10|
Total loss for the month: -154.66%
Average loss for the month: -38.67%