Time to Enter the Darkside

21May07

After a huge run up this year, I’m now looking to scalp the short side with puts.

Since we’re entering long weekend I expect some profit taking ahead of it.    With rising gasoline/oil prices I expect it to hit the headlines and possible cause some fear.  I’ll be looking to be hedged and net short this week while selling into strength.

Trading in the last few months has aged me quickly and I need a 2 week break.  We still have plenty of time to make the $1mil so I rather wait patiently for great setups.

Less then 5 Months. $30k starting, +333,408, +1,111.36%

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3 Responses to “Time to Enter the Darkside”  

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  1. 1 ws on May 27, 2007 said:

    why don’t u post any trades?

    Reply
  2. 2 Sham on June 9, 2007 said:

    Buddfoxx,
    You are truly an inspiration. I have been trading and not been very successful with options. Are you able to provide some insights as to how your allocate and risk manage your trades? How do you avoid over trading. The way your portfolio has moves shows that you must be doing something right. Look forward to hearing from you. Your student.

    Reply
  3. 3 Sham on June 30, 2007 said:

    You have not written in a while. Do keep your loyal readers posted.

    Reply

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