Jerome, ex-Dilbert el al
I only invest short term. I have two accounts. In one accounts I write covered call and in other I trade short term furiously.
In covered call account currently I hold Amat, Nvls, Mxim and lltc. I bought these three weeks ago. I have may 55 for amat and nvls, and may 50 for lltc and mxim. I got on the average 4.50 for each of these covered calls. I am happy if I get called or the calls expire. (talk about overweight in one sector). I am always overweight in one sector and this has worked well for me.
In the second account I trade amat, nvls, mxim, lltc, txn, intc, emc, amgn, itwo, orcl. This account is always has very tight stoploss or protected by puts. The losses in this account are kept at a minimum. Like I am paranoid about losses. I will take small profits 2-5 points. Sometime I have been lucky and get more points. My best day was after newyears when I was 200% invested (with 50% margin), only in six stocks, kept for three days and made a 22% return. I lost half of that in march. Still up about 23% for the year.
I only trade with my computer. When I make a trade I have to have realtime tickcharts to look at the volume and direction. so far record of loss and gains is roughly 50:50
I hate to diversify. That makes all my knowledge and skill irrelevant. If did not spend time on this then probably I will use slightly more diverse portfolio. But for now keep chugging along, as long as it is working
kdavy |
