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Old 04-21-2016, 05:45 PM   #1101
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The futures market seems to be pretty normal now.
Stock Indices Futures - Investing.com
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Old 04-21-2016, 05:56 PM   #1102
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Haha, I'm practicing my career as a fortune teller.


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Old 04-21-2016, 06:05 PM   #1103
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GRRR, must stop looking at Gilead. All it has done is go up after I sold all even when the market goes down.

I didn't think it would break $100 until mid summer and already at $101.70. I had so many August calls at $90 strike when it was $88 a few weeks back. Approaching a six figure mistake on my early sell out.
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Old 04-21-2016, 06:16 PM   #1104
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The futures market seems to be pretty normal now.
Stock Indices Futures - Investing.com
I like normal. Normal is good.

The market does not drop much, my cash-covered puts expire worthless. I keep my cash, and also the option premiums.

The market does not go up much, my stock-covered calls expire worthless. I keep my stocks, and also the option premiums.

Rinse and repeat, please. Mr Market, I thank you.

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GRRR, must stop looking at Gilead. All it has done is go up after I sold all even when the market goes down.

I didn't think it would break $100 until mid summer and already at $101.70. I had so many August calls at $90 strike when it was $88 a few weeks back. Approaching a six figure mistake on my early sell out.
On 3/15 when I sold an April cash-covered put on GILD, it was trading at 89.50. If I bought the stock then, by now I would have 3x what I am getting for the put. But lower return for lower risk is the rule of the game, right?

Well, gas is still cheap, so that option premium pays for a few tanks of gas for my gasguzzling motorhome, yet I still have my cash. Better not be too greedy, lest the market god gets angry.

PS. I recently wrote covered calls on some other ETFs, but not IBB and another biotech ETF. I am going to ride them up for a bit more.
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Old 04-21-2016, 06:47 PM   #1105
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Honestly I would have sold some health care funds today but Vanguard didn't let me. Who needs financial advisor when you have Vanguard. Back in Feb, I bought some because it was the most oversold. I did sell some on the way up, but still have some.


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Old 04-22-2016, 10:31 AM   #1106
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I just sold more than 1/2 of the shares of XLK, a technology ETF. It has Google, Apple, Microsoft, Facebook, etc..., many having been bashed over the head in the last few days due to poor outlook.

I bought XLK in 11/2008, and have held it since then, hence have a good gain. Time to "realize" some of that gain.

Now, what to buy, what to buy... I think I will sit on my hands for a little while.
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Old 04-22-2016, 10:36 AM   #1107
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That's patience. I don't think I can hold that long. In 2014/2015 GOOGL was in the $500 range.


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Old 04-22-2016, 10:42 AM   #1108
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I have some core stocks or ETFs that I hold for years. I am tempted to say decades, but then remember that I only started to do individual equities since 1998.
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Old 04-22-2016, 11:05 AM   #1109
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I wish I hold on to those MSFT shares that I bought in the 80s, I will be 4 or 5 commas club today.


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Old 04-22-2016, 11:10 AM   #1110
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Being an EE, I was dumb not to invest in semiconductor or computer stocks until the late 90s.

But, but, but 4 commas? Like this: 1,000,000,000,000? That's one trillion dollars, far more than even the richest man on earth (no individual ever reaches 100B).
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Old 04-22-2016, 11:40 AM   #1111
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Oops! It's obvious my coffee was not kicked in.


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Old 04-22-2016, 11:59 AM   #1112
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Being an EE, I was dumb not to invest in semiconductor or computer stocks until the late 90s.

But, but, but 4 commas? Like this: 1,000,000,000,000? That's one trillion dollars, far more than even the richest man on earth (no individual ever reaches 100B).
Pretty sure Bill would be at $100B if he had not given so much away. His foundation was getting around 30% annual returns IIRC?
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Old 04-22-2016, 06:43 PM   #1113
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You guys made me feel good that I didn't loose 100b, phew, what a relief. Now I can get back to normal trading and pick up crumbs again.


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Old 04-26-2016, 12:03 PM   #1114
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I made a few round trips today on VWO, pick bigger crumbs, nevertheless still crumbs. But it beats money market.


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Old 04-28-2016, 12:48 PM   #1115
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Bought and sold vwo again, I put a really low amount yesterday, surprise it was hit, so today I sold it. But I didn't sell at the top but close. I need to overcome my fear of missing out.


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Old 04-29-2016, 10:18 AM   #1116
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NW, did your Gilead put expire worthless? You got lucky if so, Gilead is down some 12%.

I think it is very oversold here and just bought 500 shares at $88.70. They raised the divy too.
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Old 04-29-2016, 10:59 AM   #1117
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I'm thinking of buying more GILD too, to bring my cost basis down a tad more. It almost made it to my $103 sell point this week, before falling off a cliff today.
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Old 04-29-2016, 11:05 AM   #1118
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I sold my short of the fast food burrito company for 5% gain. Small load but wish I sold 2 days earlier for the same gain. The traders like to play game with me. And I'm the nervous trader who likes to make a little profit rather than holding out for no gain.


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Old 04-29-2016, 01:26 PM   #1119
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Made some more money on vwo. This is the gift that keeps on giving.


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Old 04-29-2016, 02:00 PM   #1120
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Since AAPL has taken a beating yesterday and today I thought I'd burn up some left over cash in my Scottrade account so I picked up 45 shares at $93.27. Good or bad this will be a buy and hold for me since I think AAPL has a ton of money and I don't see them going away anytime soon.
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