Thursday, January 17, 2008

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!

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