Friday, April 20, 2012

First trade closed, next opened


The first SPY trade closed today on Friday. I have moved it forward one week. SPY did not end exactly where I would have liked it to be, but still a good portion of yesterday's gains were locked in. At the end of first trade, I am at $234 positive. It went as high as $417 yesterday and as low as -$200. Volatility of returns is high but the hope is that the positive trend continues.

I have increased the contracts from 8,6,6 to 8,8,10, though cash in has decreased. While the portfolio is worth $5,000 at start, only about $2,500 is at work now, rest is cash.


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