ZSG Trading Blog

I had a bad April, so far. I’ve lost 2/3rds of my account, but I have not given up. I have concede that part of the problem was that I had high levels of anxiety with other things in my life and that made me make some bad decisions. But now I am moving on.

So where am I now?

I’m not as extended as I once was, of course, part of this is because I have less in my account to work with. This is forcing me to make smarter decisions, okay, they may not be smarter, but they are there.

Right now, I am in

AMZN (call), BIDU (OTM put), LVS (Bear Call Spread), WM (call), XL (put), Zion (put), AFL (Call)

Thursday was not kind to me. AMZN didn’t have a good showing after earnings and dropped 3+ points. BIDU is still strong (this was only incase it nosed dived, the put was only $40), LVS has been showing one-day strength and the retreating. WM is coiling up… I am managing my Exit strategy daily on this one. XL and Zion has had some strong days this past week… if financials are at a bottom, then these are losing propositions.

I’m only down to being able to trade $100 right now because that’s all that is in my account. I need to have some position be profitable to free up some cash. There are some good and predictable action going on right now but I am missing it.