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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!! -- Ignore unavailable to you. Want to Upgrade?

To: Mike McFarland who wrote (1048)3/31/1998 12:22:00 PM
From: WTT2  Read Replies (1) | Respond to of 1100
 
<<<DYGND>>> keep this one on your watch list..



To: Mike McFarland who wrote (1048)3/31/1998 6:43:00 PM
From: Marq Spencer  Respond to of 1100
 
The Sell limit on my CA EJ holding was triggered today. Sold it for 8 3/4. Here is my current state:

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

We're in the thirteenth week of the contest (Friday will be the full thirteen weeks). I'm going to stop doing this on this thread since the interest seems to have dropped off. I'm going to post my entire 13 week history in the next message.

Cheers,
- Brian.



To: Mike McFarland who wrote (1048)3/31/1998 7:07:00 PM
From: Marq Spencer  Read Replies (2) | Respond to 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



To: Mike McFarland who wrote (1048)4/1/1998 3:00:00 PM
From: Mike McFarland  Read Replies (1) | Respond to of 1100
 
Trade: Bot 5000 SWEBF at 19/32
--however, this dead cat may not bounce,
so beware.

SWEBF is a holding company for
SoftQuad, Inc. and Alpha Software Corp.
softquad.com

"SoftQuad Inc. provides a broad range of multi-
platform,standards-based software tools (such as
the award-winning HoTMetaL PRO)..."


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