Weekly Trades Roundup For February 17th-21st

It’s time for our weekly roundup of trades for the trading week of February the 17th-21st. It was a short trading week due to the US markets being closed for a national holiday on Monday. And in addition to this we took a four-day weekend off from trading so we have no trades for Tuesday either. Our trading week didn’t begin until Wednesday the 19th. And it was a short trading week not only in terms of the days and time spent on it, but also in terms of the total number of trades which were made. But before moving on to the specifics of our trades let’s take a look at a weekly S&P500 chart for this week.

weekly s&p500 index chart for 2-21-2014 weekly roundup

As you can see from the image above, the week was basically split into two distinct periods. The first two trading days being defined by flat and declining markets, with the final two trading days being defined by a rapid rise followed by a sharp decline on Friday afternoon. We were really looking for some follow-through on the declines which materialized on Wednesday, but alas it wasn’t to be (which unfortunately cost us both of our long-term trades on the S&P500 Futures). This market appears to be nearly bullet-proof, but don’t count on that lasting much longer if you value your account balance. If you are going to play long call options, then we recommend that you make them strictly short-term trades (preferably less than a day).

Wednesday, Feb. 19th Trades Summary

Daily Trades Made: Two (2) High/Low Contracts
Trade Outcomes: One (1) ITM / One (1) OTM
Total Amount Invested: $200.00
Total Returns Received: $170.00
Returns/Losses & ROI: Loss -$30 = -15.0% Daily ROI
Wednesday – 2/19 Journal Entry

wednesday 2-19 investment history

Thursday, Feb. 20th Trades Summary

Daily Trades Made: Two (2) High/Low Contracts
Trade Outcomes: One (1) ITM / One (1) OTM
Total Amount Invested: $320.00
Total Returns Received: $280.00
Returns/Losses & ROI: Loss -$40 = -12.5% Daily ROI
Thursday – 2/20 Journal Entry

trading journal history for 2-20-2014

Friday, Feb. 21st Trades Summary

Daily Trades Made: Two (2) High/Low Contracts
Trade Outcomes: Two (2) ITM
Total Amount Invested: $150.00
Total Returns Received: $266.00
Returns/Losses & ROI: Profit +$116.00 = +77.3% Daily ROI
Friday – 2/21 Journal Entry

friday 2-21-2014 traderush investment history

Which, of course, brings us to the weekly totals for all of this week’s trades. It certainly wasn’t a great week, but it could have been a lot worse considering that very little went our way. Surprisingly, we actually ended up slightly profitable for the week. What really hurt us, however, was the OTM expiry of our two long-term trades. But that is for the monthly roundup and we’re not quite there yet. So for the week it was just a small gain, on a total of only 6 trades for the whole week. Let’s summarise real quick.

Weekly Roundup Trade Outcome Totals

Weekly Trades Made: Six (6) High/Low Contracts
High/Low Trade Outcomes: Four (4) ITM / Two (2) OTM
Total Amount Invested: $670.00
Total Returns Received: $716.00
Weekly Returns/Losses & ROI: +$46.00 Profit = +6.9% Weekly ROI

An all-around not very exciting week. And we are also in something of a “holding pattern” currently, with Monday’s market action expected to give us critical information needed to formulate next week’s plan of attack. Then again, we expected to get that information in the last half of this week, but it just didn’t come and we remain indecisive about the immediate, short-run future. Hopefully we will be able to actively trade next week, but we will only do so if conditions are favorable. We’ve already made the mistake of trading without conviction once this month, and it cost us good. And we have no intentions to repeat that mistake any time soon. Have a great weekend everyone, and see you next week!

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