Last Update: 2/25/2019
(follow @2kaykim for the future updates)
2/13/2019
Unlike my QQQ CALLS, I was holding some 2019 JAN CALLS and those CALLS have expired worthless in the middle of January. But, all of the blue-colored entries were 2020 JAN CALLS (I always buy enough time just in case of the shenanigans like we saw in December), and today, they are alive and recovered most of its losses. I did close 2/3 of my total holdings today with -10% loss, and that’s considerable amount of recovery in just over a month! I feel like it was such a journey for these guys to turn and recover, I feel satisfied to close 2/3 of them out today with very minimal loss.
Traders always say, ‘you can always get back in.’ Actually, you can NOT always get back in. If were to stopped out of my positions around 240-230s (not to mention much, much bigger loss that It’s going to incur closing CALLS when it’s diving hard!), when do you think I can get back in? I would probably still just waiting to find entry feeling completely left out while the Dow has made 18% run since the December low.
TIME-STAMPED
• ENTRY: (242.44), (246.10), 246.49, 249.73, 255.99, 253.03, 250.63
With little bit of patience, not only I was able to recover my losses, but it gave me opportunity to buy more at the December lows as I was aggressively accumulating TQQQ SPXL UDOW TNA SOXL FAS (QQQ SPY DIA IWM SMH XLF Triple Shares) during that time.
Below is the chart of SPXL (Triple Shares of SPY) screened on 12/27/2018 while it was trading at 32.50s (currently trading at 43s), which, during this time, I was accumulating these SHARES while I was holding my DIA CALLS. I intend to hold these Triple Shares for a while as I believe the market is ready to thrive in the next few years as I’ve been advocating in my 1/8/2019 blog post, “S&P 500: 4000 In Few Years.”
SPXL Weekly-Chart Screened on 12/27/2018*
2/25/2019
Well, it has been a long a drawn out up-and-down shenanigans, but I am happy to report that I have completely closed out my remainder CALLS with slight gain here earlier today at 261.96 on DIA. I have been closing out my aggressive-strategy positions (CALLS) on the indices and some from the equities to raise some cash to prepare for about 5% (possibly 7%) decline that may be coming in the S&P 500. I don’t know when its coming and the market could very well continue higher to the new all-time highs, but I think the odds are catching up against the bulls and I am just playing my part managing risk here. If the market continues to march higher, well, I still do own my Triple Shares (full) I’ve entered in late December on all of the indices so I could ride that. If market decides to see a sharp decline, I am ready and prepared to buy that dip.
TIME-STAMPED
• ENTRY: (242.44), (246.10), 246.49, 249.73, 255.99, 253.03, 250.63
Thanks for following my Journal posts on DIA–this has been my final update on my DIA CALLS.
Chart screened during the afternoon time
A tweet from earlier today to emphasize the fact that the Dow is only away about 2% from the all-time high level.
Chart screened during the afternoon time
