update on my trading
down to monthly updates - no es bueno, pero es mejor de nada, si?
What's going on in my little peanut brain:
- I pulled the trigger and bought another gasoline (RB) contract. Trying to grab the falling knife - We'll see how well I did in a few months. So far I'm down about $2k, which i'd say is a negligible amount. I'm thinking if I get up at least $10k and I see it drop let's say three straight days, I'll sell it - Although I'll possibly keep my other gasoline contract.
- Lost a shitload of money in the past 3 weeks. A shitload. A giant load of shit.
- Natural gas is looking tasty, as is gasoline. as is gold. I'd say oil too but I have a lot of that, already too leveraged (although it's all highly correlated, isn't it?). I'm thinking I may do 4-5 month call options, since I'll kick myself in the arse if the stuff goes up big-time in the next few weeks.
What does the portfolio look like? Here 'tis:
Description | Qty |
CRUDE OIL DEC 2015 | 2 |
CRUDE OIL DEC 2016 | 2 |
EURO FX JUN 2009 | 2 |
NATURAL GAS JUN 2013 | 1 |
NATURAL GAS DEC 2013 | 2 |
RBOB GASOLINE DEC 2008 | 1 |
RBOB GASOLINE DEC 2009 | 1 |
S&P 500 INDEX SEP 2009 | -1 |
What's not here is the fact that I have a bunch of GLD. I just like it, it feels good - kinda like a warm hot cocoa on a cold day. I think I'm going to buy call options on it. Also that I bought some DBA (that agricultural commodity ETF that I've written about). I like that one, but am too afraid to trade agricultures (or any softs) myself. Just seems too risky, plus they're definitely tied to oil (aren't we all?)
Holy shit - I just realized I have only a couple months left til expiration on my gasoline contract! I better pay attention....