Monday, January 26, 2009

Reduced positions and second chance

  1. I sold TNA in all except ET. Even ET was reduced from 7 to 5 positions.
  2. Sold BAC calls at great profits; and closed TNA puts. Both are good.
  3. Now I got second chance, and I need to use it well.
  4. It's 33 in ET and 13 in ST.
  5. ET, use OTM puts. If miss, that's OK. can continue to generate. AG, PM, long/short ETFs are OK.
  6. TNA's puts continue my records in OTM, without a loss so far. Maybe this is my way of doing this.
  7. First, 33 to 40 in ET. 13 to 15 in ST. Wait and wait some more.
  8. Don't forget the main trends; don't forget the prudent way to do this (OTM).
  9. And yes, I need go back to work since there is no sign that I can do this this year, even next year will be too optimistic. It's a long process, but if I can more 33 to 130, then it's a good start this year.
  10. Wait for better entry price, for long and for short.
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