3/23/15 Update

The market is pretty flat. I don't need to do anything.

Next week!

My Goal in the stock market

  My goal in the stock market is to collect money from the market on the regular basis. It is just like collecting paychecks no matter the market is up or down. It generates the additional income for us. So I never bet big on any direction. If the market goes against me, I still have plenty money to adjust the situation.

  Can I quit my job? No, I love my job. it is fun. Oh, I forgot to mention that I have two master degrees and I still constantly got emails/calls from recuitors asking me to join their companies. :-) 

    Making money from the market to is fun also. It is the confirmation of the efficiency of my trading method.

 

Weekly report

Index	Started Week	Ended Week	Change	% Change	YTD %
DJIA	17749.31	18127.65	378.34	2.1	1.7
Nasdaq	4871.76	5026.42	154.66	3.2	6.1
S&P 500	2053.40	2108.06	54.66	2.7	2.4
Russell 2000	1232.14	1266.37	34.23	2.8	5.1

  I handled it pretty well. As a result, I made money from both long and short side. The market has been down for a couple weeks prior this week. My plan was to reduce the short positions if the maket kept going down. That is what I did on Monday and Tuesday and also added more long positions. As a result, I got the explosure fee everyday after that.

 I decided to ignore the explosure fee for now. It is annoying though. I reduced a little long position on Wednesday, added a little long yesterday, booked some profit and  hedged the remaining positions today.

The market rallied today.

 I closed NQ for over 100pt per contract. I closed 20% of ES positions and I expect that there is still some room for the market going higher later.  After closing NQ at 4410, I felt that something was missing.   As a result, I bought 1 NQ at 4418 to make myself feel better. But I did a sell covered call on it. It will be gone by Friday if there is no surprise.

This week!

I'm very busy. :-)

Next week!