Investment tracking

[quantumleap]

I wanted to start a thread tracking my investments as posted in the "sell! sell! sell!" thread. I am leaving out some posts before 01/28/09 because I made a series of purchases that didn't include share amounts or share price.

I will continue to update it as I buy or sell. Comments are more than welcome, even criticisms. I have found comments more than helpful since I am relatively new to this.

One of the hardest things I've found is determining when to sell. If you have some suggestions please chime in.

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</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> </tr> <tr> <td style="border: 1px solid rgb(0, 0, 0);" sdval="39853" sdnum="1033;0;MM/DD/YY" align="right" height="17">02/09/09</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">FAZ</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">Direxion Financial Bear 3x</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="90" sdnum="1033;0;#,##0" align="right">90</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="41.06" sdnum="1033;0;#,##0.00" align="right">41.06</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="3702.4" sdnum="1033;0;#,##0.00" align="right">3,702.40</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> </tr> <tr> <td style="border: 1px solid rgb(0, 0, 0);" sdval="39857" sdnum="1033;0;MM/DD/YY" align="right" height="17">02/13/09</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">FAZ</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">Direxion Financial Bear 3x</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="165" sdnum="1033;0;#,##0" align="right">165</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="47.18" sdnum="1033;0;#,##0.00" align="right">47.18</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="7785.7" sdnum="1033;0;#,##0.00" align="right">7,785.70</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="906.82" sdnum="1033;0;#,##0.00" align="right">906.82</td> </tr> <tr> <td style="border: 1px solid rgb(0, 0, 0);" sdval="39863" sdnum="1033;0;MM/DD/YY" align="right" height="17">02/19/09</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">FAZ</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">Direxion Financial Bear 3x</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="800" sdnum="1033;0;#,##0" align="right">800</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="64" sdnum="1033;0;#,##0.00" align="right">64.00</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="51200" sdnum="1033;0;#,##0.00" align="right">51,200.00</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> </tr> <tr> <td style="border: 1px solid rgb(0, 0, 0);" sdval="39864" sdnum="1033;0;MM/DD/YY" align="right" height="17">02/20/09</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">FAZ</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">Direxion Financial Bear 3x</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="800" sdnum="1033;0;#,##0" align="right">800</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="75.62" sdnum="1033;0;#,##0.00" align="right">75.62</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="60496" sdnum="1033;0;#,##0.00" align="right">60,496.00</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="9296" sdnum="1033;0;#,##0.00" align="right">9,296.00</td> </tr> <tr> <td style="border: 1px solid rgb(0, 0, 0);" sdval="39870" sdnum="1033;0;MM/DD/YY" align="right" height="18">02/26/09</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">DGP</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">PowerShares Gold Bull 2X</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="200" sdnum="1033;0;#,##0" align="right">200</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="20.95" sdnum="1033;0;#,##0.00" align="right">20.95</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="4190" sdnum="1033;0;#,##0.00" align="right">4,190.00</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> </tr> <tr> <td style="border: 1px solid rgb(0, 0, 0);" sdval="39871" sdnum="1033;0;MM/DD/YY" align="right" height="18">02/27/09</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">DTO</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">PowerShares Crude Short 2X</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="100" sdnum="1033;0;#,##0" align="right">100</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="195.61" sdnum="1033;0;#,##0.00" align="right">195.61</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="19561" sdnum="1033;0;#,##0.00" align="right">19,561.00</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> </tr> <tr> <td style="border: 1px solid rgb(0, 0, 0);" sdval="39875" sdnum="1033;0;MM/DD/YY" align="right" height="17">03/03/09</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">FAS</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">Direxion Financial Bull 3x</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="5000" sdnum="1033;0;#,##0" align="right">5,000</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="3.89" sdnum="1033;0;#,##0.00" align="right">3.89</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="19450" sdnum="1033;0;#,##0.00" align="right">19,450.00</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> </tr> <tr> <td style="border: 1px solid rgb(0, 0, 0);" sdval="39875" sdnum="1033;0;MM/DD/YY" align="right" height="17">03/03/09</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">FAS</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">Direxion Financial Bull 3x</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="5000" sdnum="1033;0;#,##0" align="right">5,000</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="3.72" sdnum="1033;0;#,##0.00" align="right">3.72</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="18600" sdnum="1033;0;#,##0.00" align="right">18,600.00</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="-850" sdnum="1033;0;#,##0.00" align="right">-850.00</td> </tr> <tr> <td style="border: 1px solid rgb(0, 0, 0);" sdval="39875" sdnum="1033;0;MM/DD/YY" align="right" height="18">03/03/09</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">DTO</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">PowerShares Crude Short 2X</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="100" sdnum="1033;0;#,##0" align="right">100</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="225" sdnum="1033;0;#,##0.00" align="right">225.00</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="22500" sdnum="1033;0;#,##0.00" align="right">22,500.00</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="2939" sdnum="1033;0;#,##0.00" align="right">2,939.00</td> </tr> <tr> <td style="border: 1px solid rgb(0, 0, 0);" sdval="39876" sdnum="1033;0;MM/DD/YY" align="right" height="17">03/04/09</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">FAS</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">Direxion Financial Bull 3x</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="5000" sdnum="1033;0;#,##0" align="right">5,000</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="3.9" sdnum="1033;0;#,##0.00" align="right">3.90</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="19500" sdnum="1033;0;#,##0.00" align="right">19,500.00</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> </tr> <tr> <td style="border: 1px solid rgb(0, 0, 0);" sdval="39877" sdnum="1033;0;MM/DD/YY" align="right" height="18">03/05/09</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">DTO</td> <td style="border: 1px solid rgb(0, 0, 0);" align="left">PowerShares Crude Short 2X</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="120" sdnum="1033;0;#,##0" align="right">120</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="195.81" sdnum="1033;0;#,##0.00" align="right">195.81</td> <td style="border: 1px solid rgb(0, 0, 0);" sdval="23497.2" sdnum="1033;0;#,##0.00" align="right">23,497.20</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> <td style="border: 1px solid rgb(0, 0, 0);" sdnum="1033;0;#,##0.00" align="left">
</td> </tr> </tbody> </table>

 

[DeathEatsaCracker]

I got into DGP, FAZ, FAS, DXO, etc because of your posts and despite my tendency to sell too early I've made some decent profits. Many thanks.

Right now, FAS is the only one I'm holding.

The discussion in the sell, sell, sell thread is pretty random like a chat room. With the great financial minds here, it would be cool if everyone could put their heads together in an organized fashion with the intent of looking for profitable trades.

 

[artiesliver]

Most successful traders will say "Let your profits run, cut your losers short." I would suggest using stops for your initial trade to get you out of a losing position. If the position is a winner, use the stop but move it up higher as your profit continues to grow.

For example, if you buy a stock at $10/share, perhaps you set your stop at $9/share, limiting your loss to $1/share (assuming you get filled at $9). If the stock moves higher before reaching $9, perhaps going to $12.50/share, move the stop to $11. That way you will be guaranteed a $1/share profit. There are different ways to set/adjust stops, but the nuances are too detailed to explain here. Just decide 1) how much you are willing to lose per trade 2) how much you are targeting to profit per trade.

It is somewhat like wagering and managing your bankroll you risk gambling, except the odds aren't necessarily always against you.

 

[quantumleap]

Principles of investing

I wanted to list out the principles I use for investing early in this thread so I could refer to them later.

1.) Invest in a sector that is going one way
Go with the flow. Invest in a sector that is either consistently doing well or consistently doing poorly. You have economic influences that give your investment a better chance of gaining you money. One word of caution is to look out for when a sector may have bottomed out.

Here are 3 sectors that I've been investing in or are looking at and the direction I think they are going:

• Oil (down)

I believe oil is in a depressed trend due to the economy. One of the best indicators to look at in terms of oil continuing to be depressed is the GDP numbers.

• Financials (down)

Some say financials have bottomed out. I say they will continue to do poorly. As the price of financial stocks go down the less they have an effect on the percentage of the financial sector.

• Gold (up)

I believe due to the US government bailing out companies that the value of gold will go up because the more the government prints money the more the dollar will devalue.

• Real Estate (down)

I haven't been able to get a good price on real estate bear stocks. I've been looking at SRS which is a real estate bear but there have been interventions that cause the price to go up. I'll continue to look at this sector.

2.) Invest in a sector that has intervention causing prices to be reset
If a sector went straight down it wouldn't be as profitable to buy a bear stock and make money on it. The price of the bear stock would just stay high. But when there is intervention it causes the price of the bear stock to drop which gives additional investing opportunities.

An example of this would be the bailout of the Financial sector. Another example of this would be OPEC cutting production causing the price of oil to go up.

3.) Invest in a sector that has wide swings
This kind of ties in with 1 & 2. When you have a sector going one way and intervention to cause it to reverse you can get the swings. The reason I look at this is because you can get a higher percentage of profit if your investment goes the way you want it to. Keep in mind that the reverse is true also that you can get higher loss. That is why setting stops is so important in order to limit your loss.

 

[quantumleap]

I got into DGP, FAZ, FAS, DXO, etc because of your posts and despite my tendency to sell too early I've made some decent profits. Many thanks.

Right now, FAS is the only one I'm holding.

The discussion in the sell, sell, sell thread is pretty random like a chat room. With the great financial minds here, it would be cool if everyone could put their heads together in an organized fashion with the intent of looking for profitable trades.

I think that's a great idea to have investment discussion here. As you know, I love posting and reading in the sell, sell, sell thread. But it's hard to follow individual concepts. This thread would be a good place to discuss individual investments or even potential investments.

 

[quantumleap]

Most successful traders will say "Let your profits run, cut your losers short." I would suggest using stops for your initial trade to get you out of a losing position. If the position is a winner, use the stop but move it up higher as your profit continues to grow.

For example, if you buy a stock at $10/share, perhaps you set your stop at $9/share, limiting your loss to $1/share (assuming you get filled at $9). If the stock moves higher before reaching $9, perhaps going to $12.50/share, move the stop to $11. That way you will be guaranteed a $1/share profit. There are different ways to set/adjust stops, but the nuances are too detailed to explain here. Just decide 1) how much you are willing to lose per trade 2) how much you are targeting to profit per trade.

It is somewhat like wagering and managing your bankroll you risk gambling, except the odds aren't necessarily always against you.

This has been one of the most difficult concepts for me to master. When I bought FAS I set a stop of 3.72 down from 3.89. Someone in the sell, sell, sell thread asked why I set such a close stop on such a volatile stock. So I set a stop way lower and eventually ended up have the stock go down to 2.75.

Another example is DTO. I bought it at around 195 and it went up to 203. I set a stop at 195 so I wouldn't lose any money. The problem with that is that DTO isn't available in pre-market. The closing price of the previous day went below 195 so I thought I would lose money.

 

[SSI]

average time, how long are your trades?

2nd part...

can you show me a chart? for these

SSI

 

[quantumleap]

average time, how long are your trades?

2nd part...

can you show me a chart? for these

SSI

All but a couple of my trades are in the table. I had one trade for FAZ that I bought toward the end of November 2008 and just sold it a couple weeks ago as the price eventually made a profit. That's what I like about these stocks. The general direction of the sector will bring the price back for a profit.

As you can see from the table some of my trades occur in the same day, some a day or two later. I suspect some will be even a week or so.

If you would like to see a chart you can go to stockcharts.com and plug in the stock symbol and take a look at the period being traded. I hope I answered your question.

 

[quantumleap]

It appears that the table in my first post has cause the default font size to be less than 2. I had to manually re-size this post. Hopefully when this thread goes to the 2nd page it will be reset.

I have re-sized the table to (hopefully) prevent that in future pages of this thread.

 

[WorldNumberOne]

what is the tax rate for such short term trades ? 35 % ?

 

[quantumleap]

what is the tax rate for such short term trades ? 35 % ?

From wikipedia:

Short-term capital gains are taxed at the investor's ordinary income tax rate, and are defined as investments held for a year or less before being sold. Long-term capital gains, which apply to assets held for more than one year, are taxed at a lower rate than short-term gains. In 2003, this rate was reduced to 15%, and to 5% for individuals in the lowest two income tax brackets. These reduced tax rates were passed with a sunset provision and are effective through 2011; if they are not extended before that time, they will expire and revert to the rates in effect before 2003, which were generally 20%. The reduced 15% tax rate on eligible dividends and capital gains, previously scheduled to expire in 2008, was extended through 2010 as a result of the Tax Reconciliation Act signed into law by President George W. Bush on May 17, 2006. As a result:

• In 2008, 2009, and 2010, the tax rate on eligible dividends and long term capital gains is 0% for those in the 10% and 15% income tax brackets.

• After 2010, dividends will be taxed at the taxpayer's ordinary income tax rate, regardless of his or her tax bracket.

• After 2010, the long-term capital gains tax rate will be 20% (10% for taxpayers in the 15% tax bracket).

• After 2010, the qualified five-year 18% capital gains rate (8% for taxpayers in the 15% tax bracket) will be reinstated.

 

[artiesliver]

The long term gains tax rates are going to change and the original rates will be reinstated as Obama rolls back Bush's tax laws.

qleap--The short-term gains (any gains for less than a year) will be taxed as ordinary income at whatever rate you are subject to on your income (based on Adjusted Gross Income).

 

[barman]

I just went in and resized the fonts that were displaying in 1pt size, thus the notes of "Edited by Barman"

 

[DeathEatsaCracker]

You forgot one.

 

[quantumleap]

I just went in and resized the fonts that were displaying in 1pt size, thus the notes of "Edited by Barman"

Thanks barman.

 

[barman]

holy cow

Yep...the first post by QL jacked up the rest of this page

 

[quantumleap]

Investment plans for Monday

FAS-
I'm going to put this bitch on a pretty short leash on Monday. I'll be getting up at 5am (8am Eastern) when the pre-market opens to see if there is any degradation in price. I'm going to sell if I see any sort of selloff in the market and will put a buy price somewhere lower than the current price (2.77). Futures are pretty flat as of now so it's pretty hard to know how things will go early.

I'll re-address things around 9:30 Eastern when the market opens to see if there is any upside activity.

DTO-
Oil had gone up to 46.66 but has now settled down to 46.43 which means my current price of 195.81 will be higher than market. I will play this the same was as FAS. If things get too low I'll sell and put a buy in for another price.

DGP-
Gold is pretty flat right now so I don't suspect I'll be doing much with this stock unless something radical happens.

 

[DeathEatsaCracker]

Sometimes I hate Saturday and Sunday because the market is closed.

 

[quantumleap]

Sometimes I hate Saturday and Sunday because the market is closed.

I know exactly what you mean DEAC. I mentioned in the sell, sell, sell thread that I want a job where I look forward to Mondays. I think if I could get this market thing down it would be ideal.

 

[SSI]

how about a job

where you wake up at (8:00 am cst) 30 minutes before the big board opens, make one trade and be finished for the day in an hour or less?

SSI