More Subprime mess

Everyday new subprime mess news is casting a spell and looks like there will be no Santa rally this year.

Do not trade when you are sick. I broke my own rule yestarday.

6th Trade
Dec 19. 2007 10:32:39 STI Buy Jan 65 Put $3.80
Dec 20, 2007 13:48:00 STI Sell Jan 65 Put $5.70

Time: 1 Day
Return: 50% or $190.00 Per Contract

7th Trade ( First Part Dec 17, 2007 )
Dec27, 2007 12:18:41 AMZN Buy Jan 90 Put $2.52 ( Avg )

Likely there will be very few trades for rest of December.

Starting Jan 1st, 2008, we will be posting full trading activity including contracts traded and money made / lost in each and every trade.

We will be starting with a very reasonable account size and try increase account value, with reasonable expectation of 10% return in each trade.

An account of $2000.00 will grow to $ 17908 based on 10% avg return per trade (23 trades)

An account of $2000.00 will grow to $ 49,782 based on 15% avg return per trade (23 trades)

An account of $2000.00 will grow to $ 132,494 based on 20% avg return per trade (23 trades)

Now it is really not feasible to get all winning trades and that is why we have average returns.

Well, something to think about ... and take action to learn.

It takes a while to be consistant and profitable trader and always remember, only RISK capital should be used for trading.

Happy Holidays and we will return in new year.


Cheers.

Harry

GS .. Good earnings and Stock is down .. hmmm

Goldman Sachs reported better then expected earnings and stock is downnnn ... how is that !!!

We closed our CBG trade for a 12.50 % return, in less then a day.

Dec 18, 2007 11:43:51 CBG Sell Jan 22.50 Put $2.25

Time: 1 Day
Return: 12.50 % or $25.00 Per Contract

Have a nice day.

Harry

Rate cut did not help this time around.

Rate cut did not help this time and markets are wandering around.

We closed our Google trade today for profit of 8.69% :

Dec 17, 2007 14:25:31 GOOG Sell Dec 680 Put $ 15.00

Time: 12 Days
Return: 8.69% or $120.00 Per Contract.


New Trades for today:

Fifth Trade
Dec 17, 2007 12:28:31 CBG Buy Jan 22.50 Put $2.00 ( Avg )

Markets will be thin for the holidays and we will increase our activity in the new year.

Happy Holidays to everyone.
Be SAFE.

Cheers.

Harry

50 Basis Rate cut EXPECTATIONS are playing out today

Good Morning

Our trade for today:

Fourth Trade
Dec 05, 2007 11:22:18 GOOG Buy Dec 680 PUT $13.80



Enjoy the rate cut expectations being played in the markets.

Harry

Markets Open Lower Tuesday

We closed the RIMM trade from yesterday this morning for a small gain of 2.90%.

Let us see how the markets work out today.

Trade this Afternoon:

Third Trade
Dec 04, 2007 13:46:52 AAPL Buy Dec 180 PUT $6.90
Dec 04, 2007 14:13:29 AAPL Sell Dec 180 PUT $7.40

Time: 27 Minutes
Return: 7.25% or $50.00 per Contract.

Enjoyable short ride.

Cheers.


Harry

Good Morning

Markets are directionless this AM.

My trade this morning:

Second Trade
Dec 03, 2007 11:03:03 RIMM Buy Dec 106.625 CALL $8.65
Dec 04, 2007 09:50:21 RIMM Sell Dec 106.625 CALL $8.90

Time: 1 Day 20 Minutes
Return: 2.90 % or $25.00 Per Contract.

Regards

Harry