Crazy market day.
Oil up +$11 to $139. Incredible call by Goldman commodities research to forecast $142 by the start of the summer. When that came out, I think it was at 120ish. There is now talk to a rally of > $150.
Gas at $6 a gallon in LA....
Huge drop in the Dow. Almost 400 points. Nuts.
Stocks of note today:
^VIX +26%
BCS -8%
Strong personal gains on my RIM Puts. May cash out after the release of the new Apple phone next week.
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DB SCV
Welcome to my page about markets, trading, and New York City. Trading has always been a hobby but has really peaked as of late. My investment style is primarily fundamental and macro in nature but I am learning more and more technical analysis to supplement my technique. I trade equity options because I like/need the leverage. I shy away from stocks for two reasons:
1. I dont have a ton of $ in my brokerage account. With 10$ in and 10$ out in transaction fees on a $1000 trade, I am already down 2% out of the gate.
2. Equities are boring. This is a hobby and I am not a long term investor, so to make it the least bit interesting I need leverage and volitility that options provide.
You can track my portfolio via the Investopedia Simulator < http://simulator.investopedia.com/ > profile name: dmb490. This is (usually) an exact mirror of my Chuck Schwab brokerage account. One thing that sucks is that given my involvment in the securities industry, I have to hold for a minimum of 15 days and am restricted from certain plays.
Always looking to connect with friends, like-minded folks, or people with seed capital ;)
-DB
dburseth [at] gmail.com
1. I dont have a ton of $ in my brokerage account. With 10$ in and 10$ out in transaction fees on a $1000 trade, I am already down 2% out of the gate.
2. Equities are boring. This is a hobby and I am not a long term investor, so to make it the least bit interesting I need leverage and volitility that options provide.
You can track my portfolio via the Investopedia Simulator < http://simulator.investopedia.com/ > profile name: dmb490. This is (usually) an exact mirror of my Chuck Schwab brokerage account. One thing that sucks is that given my involvment in the securities industry, I have to hold for a minimum of 15 days and am restricted from certain plays.
Always looking to connect with friends, like-minded folks, or people with seed capital ;)
-DB
dburseth [at] gmail.com
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