Main reason of writing of this econ diary:
I want to track my daily thoughts/expectations/forecast in short as well as long term. Most of the time what is happening is, one day I feel very bullish on a particular stock (not overall market) when the market going up and I forget good story about this stock when market going down (of course our good stock also goes down).
The above information is very important for covered call strategy b'coz I need to know when this stock is going to loose momentum or goes into hibernation. For example yahoo. I got out when I realized it lost it juice.
Now I'm playing on MSFT - covered call strategy -
averaged on $ 23.20. Last month sold $24 call for 0.52. Bought it back at 0.05 before expiration. Sold Sept $24 call for 0.70.
Also I want to forecast market as well as few specific stocks ahead of time and write it down which I'll review it after the fact happened. The main thing is to try to live in the present or future.
It doesn't help me by saying I would have bought AAPL when it was $90 or 100. Can I dare to buy aapl now at 168? How about google?. This is where forecast comes in.
The current market trend is as soon as market goes down, I'll go ahead and buy. this is what I'm thinking. I'm not sure this holds true if market goes down on heavy volume for 2 days by 2% each day.
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