Lost 36000 in first 12 trading days of 2008
The luck is against me again at the beginning of 2008.
On eve of the last trading day of 2007, I had 39500
Here is the netvalue (by deducting extra fund)
Jan 1(TUE): 39500 (Balance of last year)
Jan 2(WED): 37790
Jan 3(THU): 38294
Jan 4 (FRI): 29796 (Start of pain)
Jan 7 (MON) 28475 ( No transaction today)
Jan 8 (TUE): 22807 (Big Drop and Big loss, instruct CIBC to add first C$10000)
- My Future Option was kicked out by marging call
Jan 9 (Wed): 26398 (Rebounce a bit)
Jan 10 (Thu): 26941 (Little transaction)
Jan 11 (Fri): 21709 (31509 if counting new C$10000 OR U$9800)
- Second big leg down
Jan 14 (Mon): 24339 (34139 if counting first C$10000 injection)
Jan 15 (Tue): 18701 (38301 if counting first and second C$10000 injection)
- Huge drop (QQQQ $1 drop from 46.8->45.8) after market because INTC lower guidance
Jan 16 (Wed): 8092 ($27692 if counting first and second C$10000 injection))
- Intc news
- Slapped by both bull MM and bear MM
- Account used to reach $15000 ($34000 if counting extra 20k C$)
Jan 17 (Thu): 3100 ($22700 if counting C$20000 injection)
- Account used to reach $12000 ( 31000 if counting extra 20k C$)
- BEN's speech ruined my final effort
- Missed the chance to bring total account back to 25000 if counting extra 20k C$
- Good point is that I cut and run after BEN's speech completion
I saved following accounts
98 QQQQ JAN$45 Call (at 0.95)
40 QQQQ JAN$46 Call (at $0.35)
52 QQQQQ JAN$47 Call (at $0.10)
Total: 98*0.95 + 40 *0.35 + 52 * 0.10 = 11230
I am wise at thsi point, what if QQQQ dropped to $45, I lost 11230 more!
