Stock Status

The good thing about holidays is that you have some extra time to yourself. To work on your projects. Like your second job. So this week there are some extra blog posts for you.

So lets look at where I am in the trading portfolio. That is what is different here when and how we look at things. Most other sources picks stocks or bonds or options and recommend trades and investments. Then they try to maximize performance for a snapshot when they get to the finish line, like the end of the quarter or the end of the year. I don’t sell stock picks, I don’t sell investment advice. I do use the market to show you how your world works. To do that I show you my methods. Honestly and openly. So you can see the process, mistakes and all… The good and the bad. Makes life easier when you are open and honest. That is another theme of this blog…

So here is where I am in my Moonlighting Trading portfolio. Pre market today July 5, 2012.

MGM up 2%
TQNT up 6%
HERO up 13%
DRYS up 13%

And call options in F.
F $13 Sep 2012 Call down 97%
F $13 Dec 2012 Call down 92%
F $12.5 Jan 2013 Call down 60%

Cash 75%

This is my trading portfolio for Moonlighting. It is my trading account where I try to time the market for fun, profit and understanding. Unlike my conservative investments where I do not take such risks. Those investments are not discussed here. This is my “fun money”. Losing it all would not impact my life one bit. It would embarrass the hec out of me though…

Analysis: Trying to time the bottom of a trend has not gone well so far. Selling my HOV to lock in my losses right before it went up is an example. My theory is that we are near an interim bottom of a slow uptrend and these stocks are higher beta and should go up faster than the market in an upturn. The F Options are even more volatile. You can see that picking the bottom has not worked for me so far. I didn’t plan to cover options in this blog but they were in the account when I started the blog, so I mention them. I am learning by doing when it comes to the Options. They may expire worthless if the market doesn’t turn soon, so I may have to consider them an expensive lesson. They are a small portion of my high risk trading portfolio, so we will see how it goes. It isn’t over till its over…

Now I have to revisit why I bought into these trades and evaluate if the reasons still apply. Consider taking profits and losses. I have been doing more work on the web design here than I have in the portfolio management. Working on balancing that out.

Shorter blog posts, more attention to the portfolio and an occasional Podcast for you are all short term goals here…