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Cubs18 trek from $8,000 to $25,000 (CURRENT $25,300) - Trade Journal of a 20 year old trader - Page 14

post #261 of 317
6/8/12 at 1:42am
Thread Starter 

that move had a lot more to it, missed out on about 800 there

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post #262 of 317
6/8/12 at 1:44am
Thread Starter 

went long 3 /CL at 83, tight stop

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post #263 of 317
6/8/12 at 12:16pm
Thread Starter 

ok...some new positions...done trading /CL for now

 

will elaborate later this weekend

 

BIDU july 115 puts - 35 contracts - in 4.40

 

FXI august 28 puts - 35 contracts - in .59

 

V june 115 puts - 25 contracts - in 1.35

 

and around 5k cash

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post #264 of 317
6/8/12 at 12:55pm
Quote:
Originally Posted by Cubs18 View Post

ok...some new positions...done trading /CL for now

 

will elaborate later this weekend

 

BIDU july 115 puts - 35 contracts - in 4.40

 

FXI august 28 puts - 35 contracts - in .59

 

V june 115 puts - 25 contracts - in 1.35

 

and around 5k cash

 

Futures are "the future" .... for now though I'd concentrate more on a focused area instead of everywhere.  In the last 2 weeks you've traded stocks, options, binaries, and futures.  That's just too much since there are so many different nuances to the behaviors of each.  


Edited by Rock Sexton - 6/8/12 at 9:14pm
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post #265 of 317
6/8/12 at 9:11pm
Quote:

Originally Posted by Cubs18 View Post

 

FXI august 28 puts - 35 contracts - in .59

 

Chinese fund? Wtf? laughing.gif

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post #266 of 317
6/8/12 at 10:34pm

Yeeaaaa a 20 year just like me! Fo sho thumbup.gif

 

 

Beach Girls
 

 

 

 

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post #267 of 317
6/10/12 at 7:32pm
Thread Starter 

Well...................looks like I f****d these trades up if futures hold gains overnight.  Gonna be some nasty looking unrealized loss figures tomorrow. 

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post #268 of 317
6/10/12 at 9:27pm
Quote:
Originally Posted by Cubs18 View Post

Well...................looks like I f****d these trades up if futures hold gains overnight.  Gonna be some nasty looking unrealized loss figures tomorrow. 


Did you sell or buy those puts?

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post #269 of 317
6/10/12 at 9:32pm

If you bought those puts you're effed. However, since they expire in July, I'd hold and wait for the markets to turn over before selling them. I recommend you not look at your portfolio in the morning...

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post #270 of 317
6/10/12 at 10:41pm

those visa puts..... o man that might be bad.

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post #271 of 317
6/10/12 at 10:49pm
Thread Starter 

should have just kept trading /CL like I said I was going to

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post #272 of 317
6/10/12 at 10:49pm
Thread Starter 

yeah im expecting full loss of 3k on the V

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post #273 of 317
6/11/12 at 4:27pm
Thread Starter 

Well....today was not near as bad as I expected obviously.  Pretty status quo actually!

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post #274 of 317
6/12/12 at 4:10pm
Thread Starter 

im still in everything but V puts, added back 12500 UWBKQ

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post #275 of 317
6/12/12 at 9:57pm
Thread Starter 

sorry, havent been really keeping this busy balances wise...might be out for the next few days or until the end of the week

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post #276 of 317
6/17/12 at 9:39pm
Thread Starter 

Well, I am gonna kill this thread guys!  I am starting my own LLC fund to manage...have had lots of interest from family and friends.  Very conservative approach will be taken.  Enjoy HSM!

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post #277 of 317
6/18/12 at 12:17am
Quote:
Originally Posted by Cubs18 View Post

Well, I am gonna kill this thread guys!  I am starting my own LLC fund to manage...have had lots of interest from family and friends.  Very conservative approach will be taken.  Enjoy HSM!

 

Cubs ..... I wish you luck, but you're absolutely doing the wrong thing here.  I don't think you realize the mess you're about to get yourself into trying to manage both your friends' and family's money.  I've watched this thread with great interest to see the cumulative results after a hot start, but you're jumping the gun a little bit.  The results are mostly carried by two trades (AAPL and GOOG).  Aren't you down about $7,000 or $8,000 on your current positions?  Is that really enough to start up a fund where you will have fiduciary responsibility to those close to you?  If it goes bad, it will go really bad man.  

 

I highly suggest you to reconsider what you're about to get yourself into.  Take some more time.  Learn one instrument thoroughly and when you've shown a consistent history of success, then start thinking about managing other peoples money.


Edited by Rock Sexton - 6/18/12 at 12:28am
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post #278 of 317
6/18/12 at 1:01pm
Cubs once you start trading with other people's money your risk level changes, and you will probably make worse trades because of that. Listen to Rock. If this is something you are good at, then you should practice more and continue making money (you have been making some big amounts), if u continue to make money then go for it.
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post #279 of 317
6/18/12 at 4:14pm

managing family/ friends money? 

 

don-t-do-it-cat-you-_1338502233_epiclolcom.jpg

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post #280 of 317
6/18/12 at 9:20pm
Thread Starter 

I understand the risks inherent here guys.  I am aware this will not be easy, nothing worth doing is.  I understand that managing friends/family money could potentially put stress on relationships.  I am not going to be trading options with fund capital.  Very conservative approach with a focus on success I have had trading big board stocks in the past.  Thanks for the advice.  Anyways...I am done posting here, going to focus on this goal.  

 

How many 20 year olds start their own fund?  I want to do big things, more important than this thread.  

 

See ya guys and good luck with your future endeavors.  

 

PS)  I know you guys think I am crazy ;)

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