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Friday, March 19, 2010

Options trading...longer term, or not.

I just closed my first longer term momentum option trade... after a whopping 3 days into the service.

Daily average return is $51.02 which, considering the $1600 total account size, is not bad for a start...2.91%.

So I can add that to my current $255 daily average, sort of. I will probably end up tracking these together in a total investment stat number somehow later.

Obviously I cannot use this one trade to judge anything or do any additional forecasting yet...but it pushed my gross profit for the day up to $1965.00. Nice.

Jeff.

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