Perception

People call me a lot of things from lazy to rude.  It's their prospective.  

Am I really lazy?  Perhaps I emanate laziness with my constant chatter online during working hours.  If I wasn't doing my job, then I'd be in trouble of losing position.  Yet, I'm still employed.  

I can be rude with some of the questions I've asked online, but you know what, I like to get to the bottom of facts.  A lot of people probably have the same questions I have, but are afraid to ask.  I'm just doing them a favour, really!

Don't always assume you're right about certain something.  Truths can be hidden if left unasked.  

March 2016 Performance

It's been a while

Hello!  It's been a while since I posted here.  Seems like I still get some visits from time to time on this little old blog I've neglected for a few months.  I've been discouraged since the beginning of 2016 in my ability to trade.  But I'm still alive and kicking.

I haven't been tracking my trades or my dividends since the beginning of year.  I've been adjusting and now I have 38% cash in my IB margin account.  I am not as trigger happy as I used to be.  But I will get back into the game once I see an opportunity.

My YTD results sucks as you can see below (March 3rd results), but all in all, I'm still keeping treading above waters.

November Option/Stock Performance

This continued upward surge is only thanks to two of the 

FANG members that I have open positions.

October Option/Stock Performance

Every month, I try to post a option/stock progress report of my non-registered Interactive Brokers account to keep track of my performance or at least I try to.  
Even though, I took a big loss from $BTE.TO (-$9,287.00) and some bad option plays, I still managed to stay afloat overall.  One of my biggest problems with trading is not knowing when to take a loss until it's too late.  Now, I can say good riddance and move on.

Lately, I've been chatting a lot on Twitter rather than focusing on the bigger picture at hand.  I have become lazy, unfocused just to get a few laughs during the day to pass by time.  

It is time for me to clean up my act and bring my portfolio to the next level.  

Set to Expire: Oct 28th

Option	Accounts (Position)
SBUX 30OCT2015 50 P	(-2)
SWKS 30OCT2015 70 P	(-1)

My two short PUTs for the week.  Looking to lock in $137.00 by the end of Friday, but $SBUX earnings is tomorrow.  Will it beat or will it head down in a ball of fiery? 

Today, I closed 2 of my short PUTs for $FIT with a strike of $30.00.  Right now, I am very OTM on them, but I do not want to get caught in a earning release surprise for the worst.  I managed to walk away with a small gain of $90 which I am bittersweet about.

That's it for today.  Till next time.  

Set to expire: Oct 23, 2015

Yes, I'm still around.  No, I have not been updating my trades every week or every single trade I make on Twitter.  October would have been a profitable month, but I screwed up with just one-two trades.

1) Lost $500 on $YUM short put @ $75.00
2) Lost $200 on $SPY long put @ $197.50

It is what it is.  I'll survive another week.  

Option	Accounts (Position)
AXP 23OCT2015 74.5 P	(1)
GILD 23OCT2015 98 P	(-1)
KMI 23OCT2015 30 P	(-1)
SWKS 23OCT2015 74 P	(-1)
V 23OCT2015 65 P	(-1)

All of these trades I've put on in the last few days, except for Visa.  Selling PUTS, if all goes according to plan, I will pocket $110.36 that I have already collected.  All of them seem to be OTM, but I've been screwed before.  So this may be the last of the PUTS I will sell until I come up with a steady game plan. 

$AXP released their earnings after closing today.  I bought the PUT a couple days ago for 35c.  I risked $35 + commission to watch $AXP burn.  I will be looking to close my position early tomorrow for a pretty coin I hope.  The reason for my trade is American Express lost a big retailer ($COST) to $MA.  It is not accepted widely by all retailers... 

Lately, other's have been questioning the way I trade as I've had troubles with a few big names such as $WMT, $YUM, $NFLX.  This is causing me to re-evaluate the way I trade options and the risks I have taken on.  I usually sell PUTs that are very out of the money (OTM) to avoid assignment of the shares at my strike prices.  

The market made a sharp turn on August 21st.. and some stocks have threw up on me literally.  I am very much in recovery mode still.