Friday, May 12, 2017

Lizard Initiative day 3: glad I'm paper trading ^^ ---happy weekend everybody!

Lizard Initiative SCOREBOARD:
Day: 4 | Missed Days: 0 | Trades: 7 | Wins: 2 | Losers: 3 | Washes: 2 | Day: (4140) | Cumulative: (3187)

Straddle Initiative SCOREBOARD:
Day: 3 | Missed Days: 0 | Trades: 2 | Wins: 1 | Losers: 1 | Washes: 0 | Day: 320  | Cumulative: 320


DIRECTIONAL Initiative SCOREBOARD:
Day: 3 | Missed Days: 0 | Trades: 1 | Wins: 0 | Losers: 1 | Washes: 1 | Day: (500)  | Cumulative: (500)
 
 


Hints from today: Reminder, we're trading around a $1K position cost or $1K max profit. For buying calls or puts, however, we're taking less risk and spending $500


Strategy Idea:

Changes:

New Initiative:
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CYBR was a massive fail. It highlighted the weakness of the Lizards...potential for massive losses to the tune of -$4K...this is a massive blow, it would essentially wipe me out in real life. This strategy cannot be used for real trading in the current configuration, I need to take more time in placing these trades, it's depressing, really, but will continue testing this strategy!

SYMC another minor fail: $(440)

Bet the wrong way on JCPenny, could have got a great profit if I had bought puts...hint...the entire industry was failing...how could I bet this would rise? What did Macy's do the previous day?? I love how with the markets, ones fallacies are laid bare before them in unquestionability. -500

One 

Snap...just gained $100...it went to the neutral side of the lizard.

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