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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!!
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To: Mike McFarland who wrote (1048)3/31/1998 7:07:00 PM
From: Marq Spencer  Read Replies (2) of 1100
 
Mike:

Here is the history of my trading to take $5000 to $17,312.50 in eleven weeks (I joined Jan 16th). This is quite long. Notice that the total number of trades were only Five(!) round trips (in and out of a position is one round trip). The account value hit a low of $2812.50 at the end of third week of my trading.

1/16/98:

Starting today. Funds $5000.

Trade: Buy PQOBG 10 contracts @ 2.50 (PSFT Feb $35 calls, 10 contracts) = $2,500
Trade: Buy CA BJ 7 contracts @3.25 (CA Feb $50 call, 7 contracts) = $2,275
Cash balance $225.
Total equity $5000.

1/20/98:

Trade to close: CABJ 7 contracts sold at 3.875 = $2712.50.
Long 10 PQOBG.
Total Cash 2937.50

1/23/98:

End-of-week state:
Long 10 calls PQOBG (PSFT) value $2000 (Friday's close $2.00)
Cash $2937.50
Total Stock $2000.00
Total equity $4937.50

Change for the week: Down $62.50

1/29/98:

Trade to close: Sold PQOBG (PSFT calls) @ 3 1/8.

Total cash $2937.50 + $3125 = $6062.50.
Total holdings $0
Total equity = $6062.50

1/29/98:

Trade: Wrote (sold) 10 contracts CABJ (CA Feb $50 calls) @ $3.5

Total cash $6062.50 + $3500 = $9562.50
Short 10 contracts CABJ -$3500
Total equity $6062.50

2/6/98:

End-of-week state:

Short 10 CABJ
Fri Close CABJ 6 3/4
Total Cash $9562.50
Total Holdings $-$6750
Total equity $2812.50

2/13/98:

End-of-week state:

Short 10 CABJ (CA Feb $50 calls) Fri close 3/4
Total Cash $9562.50
Total Holdings -$750
Total equity $8812.50

2/20/98:

Trade: Buy 10 CA EJ (CA May $50 calls) @ 3 3/4 (-$3750)
Trade: Write 10 CSCCB (CSC March 110 calls) @2 3/4 (+2750)

Short 10 contracts CABJ (CA Feb $50 calls) current value 1/16.
Total Cash $9562.50 - 3750 + 2750 = $8562.50
Total Holdings $3750 - 2750 - 62.50 = $937.50
Total equity $9500.

2/20/98:

Account Update:
10 CABJ expired worthless today.

Positions:
Long 10 CA EJ (CA May $50 calls) @ 3 3/4 (-$3750)
Short 10 CSCCB (CSC March 110 calls) @2 3/4 (+2750)
Total Cash $9562.50 - 3750 + 2750 = $8562.50
Total Holdings $3750 - 2750 = $1000
Total equity $9562.50.

3/4/98:
Positions as of close:
Long 10 CA EJ (CA May $50 calls) @ 3 1/4 (+$3250)
Short 10 CSCCB (CSC March 110 calls) @1 13/16 (-$1812.50)
Total Cash $8562.50
Total Holdings $3250 - 1812.50 = $1437.50
Total equity $10000.00.

3/6/98:
Positions as of close:
Long 10 CA EJ (CA May $50 calls) @ 4 3/4 (+$4750)
Short 10 CSCCB (CSC March 110 calls) @3/8 (-$375)
Total Cash $8562.50
Total Holdings $4750 - 375 = $4375
Total equity $12937.50.

3/16/98:
Positions as of close:
Long 10 CA EJ (CA May $50 calls) @ 6 1/4 (+$6250)
Short 10 CSCCB (CSC March 110 calls) @ 1/4 (-$250)
Total Cash: $8562.50
Total Holdings: $6250 - $250 = $6000
Total Equity: $14562.50

3/20/98:
Account update:
Expired worthless: Short 10 CSCCB (CSC March 110 calls).

3/23/98:
Positions as of close:
Long 10 CA EJ (CA May $50 calls) @ 6 1/4 (+$6250)
Total Cash: $8562.50
Total Holdings: $6250
Total Equity: $14812.50

3/30/98
Positions as of close:
Long 10 CA EJ (CA May $50 calls) @ 8 1/4 (+$8250)
Total Cash: $8562.50
Total Holdings: $ 8250 = $8250
Total Equity: $16812.50

3/31/98
Trade to close: Sold 10 CA EJ (CA May $50 calls) @ 8/3/4 (+$8750)

Positions as of close (All Cash):
Total Cash: $8562.50 + 8750 = $17312.50
Total Equity (All Cash): $17312.50
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