DasBrain

Will be just sitting on my hands for the next little while (1 month). Mid September to mid-October I think is going to be a wild ride. We will see.

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DasBrain

Closed off my Dow Jones index PUT option contracts about $800 in profit. Don't know what next week will bring , though charts show DJIA will rise, but you never know.

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DasBrain

Toronto Stock Exchange, cannot hold the highs, Weekly charts turning down strong. Looks like TSX might be going down to previous lows of 13700. However, with trading you never know, so gonna extend the expiration dates of options purchased.

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DasBrain

Because I am Canadian, exposure to U.S dollar once it peaks and turns downward, can negative affect my U.S positions, I have adjusted my strategy to increase TSX exposure with Canadian options. So, I avoid currency risk. Although the Canadian Option market is not has big as the U.S there are still opportunities. My gut feeling is that eventually the CAD/USD exchange rate will reverse (currently @ 1.301). The strong U.S dollar will hurt U.S companies bottom line soon (3-6 months lag).

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DasBrain

Markets rallying, however NOT sure if it can go higher, based on charts both DJIA (Dow) and TSX (Toronto Stock Exchange) looks like it is going higher, maybe for another week or two....but you never know. Anything can happen it can turn on a dime, and this up week can be a head fake.

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DasBrain

Since, I started recording and actively trading, I have learned a lot. Actually, a lot of what NOT to do. Even with 73% of my trades turning a profit, I am still struggling somewhat. Mainly because I don't cut my losses soon enough, and my average loss is bigger than average gain. I've adjusted my strategy about 2 months ago to compensate, let's see how it works out for the rest of the year. Profit.ly really helps with Stats and own profit chart, it helps me to identify problem areas for correct trading behaviour. I closed off only 52 trades which makes me still a novice, but I think the more trades you do the more you learn...just have to tough it out.

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DasBrain

It's possible this might be the "Big Scare", 300 points + down on DJIA and also 300+ points on Toronto Stock Exchange. This could be the start of the big weekly down leg. You never know we will see....in coming months.

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