Tuesday, July 5, 2011

Terry's Model Portfolio: Day 7

Trade execution: Sold all July 125 puts @ 0.10.
Time: 10:02 a.m. (EST)
Rationale: Anticipated a July 5 post-holiday drop in the market. Monitored the first 15 minutes for trading range. Trading range was not broken to the down side after 30 minutes, so decided to close trade, preserve capital, and wait for better trade opportunity.

Rate of Return Today: - 17%
Loss on Trade Realized: $3,230
Portfolio Balance: $16,349
Performance Year to Date: 63.49%
Objective: 100% by November 21, 2011

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