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SPDR S&P 500 ETF Message Board

  • kibblesmomma kibblesmomma Jun 15, 2013 11:47 AM Flag

    I have done the impossible, an Infinity-Bagger (here's proof of how)

    So this is from a thread I started about the trades I last took out (unlike my son, I work my trades for a few weeks, not hours) You can look up the entire thread on your own I guess.

    _______________________________________________

    kibblesmomma • Jun 12, 2013 6:00 PM 0users liked this postsusers disliked this posts0

    DE cost basis on those 85's is down to .27 and today closed near $1.50

    totally TA based.

    APA took the spanking and closed out at 50% loss.

    So, one is a 6 bagger, the other is a .5 loss. That's a net of 5.5!

    And it was all posted in real time.

    and TA based.

    TA works if you know how to use it Less
    _______________________________________________

    Now, Friday, I sold another round of the June 22nd 82.50's for exactly 27 cents to get my cost basis to literally ZERO. If I had done this Wed, I would have actually had a cost basis of negative 30 cents but alas, I did not do that.

    Bottom line is, I have a free trade going this week, DE vertical put spread 85/82.50. And it is currently worth about 70 cents, It's nice to have a no risk/all gain trade going into the week

    DE is in a beautiful falling wedge, so I know exactly where I will be exiting the trade a breach of the top line, or a touch of the bottom line.

    Soooooooooooo son, dont be too discouraged, someday you may have the biscuits to post your trades in real time.

    Still holding the WFC 38 puts, got the cost down to 5 cents on those. The Fed may turn that into a huge victory, but if not, the cost basis is so low now, it's literally no big loss if it doesnt.

    Best of luck to all!

    Momma posts her trades! She has bigger biscuits than her son!

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