Updated trading positions for some gains taken and new entries.

updated the trades page for the last few days. Been pretty inactive lately, real world stuff and all.

Trades updated here. Took a beating today in QTWW, ouch. APPL which is in my long term portfolio also didnt get the pop i was expecting today. Hopefully i will be able to post about the new iPhone shortly, overall i am pretty excited about it.

Trading positions have been updated, see page. All-in-all the week could have been better considering the move we had in Oil. Got out of my USO position to yesterday only to watch it move +7.9% today. Now, to try to relax and not work as much this weekend as last. See you Monday.

I’ve been away and busy for the last week or so. As a result i havent been able to update the site with my latest trades. The trading position page has been updated for todays actions. There was one closed trade that is not displayed as there were 6 closed positions to update.  Here is how it should have been posted on the trade page.

BTU    5/30    73.82    6/2    77.25    3.43    4.65%

Trading position have been updated for today’s activity. See positions page. It was a good day in LEI, there will always be winners and losers. LEI was a major winner today.

I had a lot of activity today and yesterday. Closed a lot of positions yesterday some at larger losses than I would have liked, but some gains were had. Today’s I put more cash to work mostly in the energy sector, people seem to be talking a lot about it these days. On the whole today was mediocre. Two of my longer term positions were hit brining down the whole portfolio (AAPL and V) on the other had most of the trading positions were up. A little worrisome of FTK, a downgrade came out after my entry but it bounced back some in the afternoon after the panic selling, I believe it still has legs to run. Tomorrow will reevaluate my positions and determine what I want to carry into the long holiday weekend, a lot will depend upon the volume and any events that come out. Key indicators I am looking at: oil and ethanol. Positions updated.

Recently I decided to change my investment strategy from entirely a long term approach to taking a portion of the portfolio and actively trading it. Why? Well, first I am young enough that such an approach fits within my risk profile and second, working within the capital markets (M&A consulting, not S&T or equity) I wanted to lean more about trading. Now I am not trying to scalp or day trade. I have a real job or two that makes doing so impractical. Not to mention such a strategy rarely works for a small fish. Ideally I am looking for the swing trade. A position I will hold anywhere from a day to maybe a week. Part of this involves the market momentum and part technical analysis. Two areas I have very little experience. So, much of my trading right now is driving by a desire to learn. As such, not only am I reading about technical analysis and back testing strategies I am also taking queues from others such as Howard Lindzon, The Fly, and Ragin Cajun. I will continue to add to this list. Most importantly watching these people trade provides some insight into what works and what doesn’t. Twitter is a great use for sharing information. Since many of my trades in the near term may be based on information for these other sources I will refrain from tweeting them that would be repetitive wouldn’t it. Off the learn more about my new adventure.

So I still don’t have the internet at home yet but am getting more settled everyday. Still no furniture, but who needs that anyway. Back to the trades, the week I was out wasn’t the best. As usual there were some winners and losers. However, the losses were larger then expected as a result of not monitoring the positions enough, but still within reason. The trade positions have been updated from last week however they have since rolled off the listing as new trades have been closed. See CoVestor for details on prior trades.

So far this week has been a mixed bag. Some good wins and some stupid losses which is putting me nearly even on the week. Watched an 18% gain in AVR turn into a 11% loss in the a few hours. It’s a learning experience. Currently paying close attention to few positions as the uncertainty is quite high presently. See the trade positions for where things stand today.

I am in the process of moving right now with limited connectivity. Will be pretty inactive in the markets this week. Mostly just monitoring existing positions. Will be back with more commentary later in the week or next week. positions have been updated.