upI only did two trades this month and I made 2 mistakes in a row hehe. My telechart’s scans resulted in stocks that didn’t fit my trading system’s criteria most of the time this month, so I didn’t have to trade every day (and have more time to work on my websites).

For DGX, I made a limit order when I’m suppose to make a stop order on the 8th June, so the contract was sold at a small loss as soon as the market opened. I was pretty angry with myself because the stock was going the direction I wanted after I made that mistake :( .

For SWN… it was more of a lucky mistake, after a long wait (it felt long coz it was making losses most of the days), SWN finally profited so I limited 2 orders at $6 and had 15% trailing loss on all 3 contracts and went to sleep because I thought the stock won’t move that much to trigger both orders. Sure enough, both orders were executed and left me short selling 2 calls (I believe it’s called naked calls). Fortunately the next trading day SWN went down the hills and I sold at a $120 profit. Phew!

Balance after exit trades made in June: $3,920.19 (+11.20%)


EXEC TIME SPREAD SIDE QTY SYMBOL SPC EXP STRIKE TYPE PRICE NET PRICE
02/06/06 23:50:23 SINGLE BUY +3 DGX 100 AUG 06 55 CALL 3.80 3.80
08/06/06 21:30:14 SINGLE SELL -3 DGX 100 AUG 06 55 CALL 3.70 3.70
RETURN: -2.63%
15/06/06 22:19:08 SINGLE BUY +3 SWN 100 JUL 06 25 CALL 4.60 4.60
24/06/06 01:40:17 SINGLE SELL -2 SWN 100 JUL 06 25 CALL 6.00 6.00
24/06/06 03:43:29 SINGLE SELL -1 SWN 100 JUL 06 25 CALL 5.30 5.30
RETURN: +25.36%
24/06/06 03:43:29 SINGLE SELL -2 SWN 100 JUL 06 25 CALL 5.30 5.30
26/06/06 22:21:22 SINGLE BUY +2 SWN 100 JUL 06 25 CALL 4.70 4.70
RETURN: +11.32%

* After commissions, SEC fees, interest earned, non-resident alien withholding

Total profit for the month: +34.05%
Average profit for the month: +11.35%

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