Thursday, July 31, 2008

Tomorrow - One more monster day!

Tomorrow - Again Earnings time! NYX, VCLK, IMMR are reporting earnings.

1) I had invested heavily in NYX
Share 300 ( Bought at 73, 74.2, 77.8). Nyx is currently trading at 47.75.
Loss - 8100.
I have also bought calls recently hoping that nyx will go up after earnings(well, thats a big hope, isn't it? - nyx shareholders will know the feeling ;) as nyx seems to down on any news).
Invested $1300 in calls. Also, invest $100 in puts.

2) I had bought vclk(valuclick) 200 shares at 21.5. Its currently trading at 11.82. So I have approximately $2000 loss.

3) I had bought IMMR 150 shares at 11.1 . Its currently trading at 7.04. Loss - $620

Why I never had stop losses is a million dollar question. Its really expensive to learn simple things hard way!

New Goals

Goal -Recover $10K in next two months and\or Get rid of margin by $5k

Portfolio Account Value -

Total Loss : $50500
Margin Debit : $25,600
Current Account Value : $29,500

Loss of $50500 might sound big(well it is big) but it is 5k less that whan I had last month.
My accuont value was $23k last month and its improved.
I have invested all my savings of 2 years and running a very risky life right now...but it's ok. If I loose all of that, I can call it a day for stock market and start a new life as I am still 27 :):):). I just need to take care of that margin first.

Thursday, July 24, 2008

I'd rather be lucky...

Here is something from move Match Point

The man who said "I'd rather be lucky than good" saw deeply into life. People are afraid to face how great a part of life is dependent on luck. It's scary to think so much is out of one's control. There are moments in a match when the ball hits the top of the net and for a split second it can either go forward or fall back. With a little luck it goes forward and you win. Or maybe it doesn't and you lose.

I hope I get enough luck to win the gamble in the stock market.......So my strategy is match-point strategy!