Cigarettes, that is, lest someone thinks otherwise.
I don’t know that got into me, and i don’t know what got into the market (hello, we’re in a bear market, somebody forgot the script!), but i finally decided to sell me some PM shares. Actually, all of my PM shares.
07/30: Bought 01 PM AUG 55 PUTS for $1.5
07/30: Sold 12 PM AUG 55 PUTS for $2
08/01: Bought 04 PM AUG 50 CALLS for $2.47
08/04: Sold 4 PM AUG 50 CALLS for $3.3 (gain: 33.66%)
08/04: Bought 11 PM TK AUG 55 PUTS for $1.45
08/05: Bought 14 PM TK AUG 55 PUTS for $1.25
Yep, indeed i have.
I paid for my over exuberance for the following trades:
08/04:
Buy: 11 PMTK AUG 55
Price: $1.45
Worth: $1,607.10
Base price: $53.99
08/05
Buy: 14 PMTK AUG 55
Price: $1.25
Worth: $1,764.05
Base price: $54.20
Cost Average cost: $1.35
Ah, ignorance is bliss, and costly! What a difference a week makes! My guiding principle last week was
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This question is one i hold closely to my heart, for i am the very definition of average. Heck i may even be below average! I’m the guy who just sort of coasts through life, neither excelling or failing. No doubt i could’ve been the person who invented the algorithm that now powers Google’s search, but i’m busy being… Ordinary.
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Indeed it has! Look at the chart below:
I never thought making TA charts can be this fun! Looks like i called it correctly before the market opened (click here to read my prediction): PM is going to pull back (and indeed it has) and this time i have the charts to prove it. Looking at the chart above:
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Yesternight i went on a technical analysis binge. I was merely looking into Japanese Candlesticks seeing that i always stare at the thing, i realized there’s value in understading the chart as well. (Well, duh)
So i was learning about candle figures with cool names like doji, morningstar, harami, dark cloud and such. The thing is, because i’m such a NOOB one info would lead me into another, and then another, and another.
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All (last) night long i kept pondering about whether i should get rid of my PM shares, yep that’s right ditch them, and invest in Options instead.
Well, i tried listing all the pros and cons of strictly sticking with Options and have come up with:
PROS
CONS
click for larger image
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