Trade

• I bought some FAS at 13.98 in expectation of rebound on Friday.
  
• I forgot to post it about FAS trade. I didn't work my way. I am still keeping them. I should have put some stop loss on it and get out of them and buy them again at around 11.50. Lesson learned about stops. I think next week we might get some rebound because of oversold conditions as well as inauguration of new president. Hopefully.
• I also shorted FAZ and quickly covered them for about $60 profit. Via put options.
  

Weekly Result Review

Here is my this week result. I am little disappointed.



Overall i am better than spy but it didn't meet my goal for the week (2% gain). I did meet that goal in my personal account. I had three very good shorts in my Roth IRA account. If i had kept them, i would have at least 15% overall gain in my account. This is to something keep in mind. I generated loss because of buying some FAS on Friday morning and not keeping stops.

I think financial are very oversold and might get small bounce on Tuesday because new President Obama is taking office. I will use that opportunity to put stops on them. If they rebound strong, i will keep them. I won't make same mistake as i did with stops (which i stopped out with profit but could have been much more :().

Currently i am long financial and oil in all my accounts. DXO, USO, FAS and MON

Trade

• Today morning i bought Jan 70 PUT option for SRS at 1.70. It is expiring tomorrow and i just put it looking at srs price going up but not the momenum on my indicator. I was continuously monitoring prices and SRS wasn't going down so i was getting nervous and stopped looking at it. I check its price around 3.30 PM today at it was at 6.40 so i just sold it immediately. Actually it went upto 9.00 but i am happy that i made 270% profit in few hours. I will put my chart analysis later for my reference.
  

Review

• I had bought goog 310 Jan Put option for 4.00 on Jan6th and sold for 6.00 on Jan 7th. Today it is 22.00. Frustrated.
  

Trade

• Market is getting oversold in short term and could get little rally under oversold conditions as well as new President coming in next week. Let's see. Otherwise i might close these positions. I am not feeling comfortable going long at this point as its already very oversold. So being cautious here. Let's see what tomorrow brings.
  
• I still have my MON FEB 75 Call. Need to see some actions on it. It is still holding 50 MA on it. It is close below it. I might close it.
  
• I also bought 2 options of USO at 3.00 and 3.10. This is Feb 30 Call.
  
• I Bought FAS again at 15.17. It is very small position. Only 50 stocks.
  
• I bought some DXO (200 stocks) at 2.80. I think energy is oversold and want to take small position.
  
• Finacial do not look great so i will revisit FAS little later. I am keeping my MON feb call options right now.
  
• I sold my FAS long position at 15.96 which i bought few days ago at 17.00. It generated loss of 6.11%. It was showing 8% down in premarket so i put stop loss on it and it got triggered after some time. I could have sold them at open at 18.00 which would have generated some profit.
  

Trade

• Bought MON call option(75 Strike price- FEB09) at 7.00 today morning.
  

Trade

• I bought 100 shares of FAS at 17.00 today as oversold play.
• Sold my Drys puts at 1.40 Today which i bought earlier in the day at 0.60. Its a profilt of 133% in intraday. Its 133% intraday. This is expiring in 3 days and i didn't wanted to loose any profit so i just cashed it out. I am sure it will be more profitable tomorrow but i will take it.

Review

I was looking at by traders of SRS and FAZ, i sold them for profit but too early. Today morning i sold SRS at 61.75, which i bought at 55.00 on Friday. Currently it is running at 66.27 (@10% more than i sold for). I had my stopped too close and it kicked me out. I am frustrated.

Same thing is for FAZ, which i bought &35 and sold at@38, last week. It is running at 48 after two days. Its just too tight stop in fear of losing profit. I am happy that i made profit on it but little patient can give me more rewards. I think i need to pay more attention to my trading rules and wait for stops to hit property rather keeping them too tight.

I will keep refing my rule more. I will write note about my trading rules and setup in few days.

Trade

• Bought Drys Puts (Strike 15- Jan 09) at $0.60
• Sold SRS at 61.75 which i bought on Last Friday. I got stopped out. Profit of 12.75% in one day.