My Portfolio

It has been a mighty long time since I have updated everyone on the state of my portfolio. Now that I have
been more active and focusing much more on my options trading. I am trying to stick to my rule where if I see
a 20% gain, I sell to crystalize the profits. I don’t always stick to it – which has gotten me into some trouble –
but I am now more inclined to be mentally strong. Especially after my GE fiasco. You’ll see.

Without any further ado! Here is a breakdown of all the option trades I have made since my very first.
September through today.

Tuesday Thoughts

A few of my thoughts as the work day progressed. Hopefully this will, at the very least, make you google something. 

For the last year it has seemed like the equities market is over-bought, too high, due for a correction, blah blah blah. It has been on my radar, seemingly with many other people as well. As we sprint into 2018 with a vengeance the market seems higher than ever and due for a setback. But are we?

Even though the major markets RSI’s are above 80 and there seemingly hasn’t been a down day since the start, 2018 is a year poised for continued growth.

Fourth Quarter Earnings

Two schools of thought.

1. "The new tax plan is going to lower the effective corporate rate and boost companies earnings. Repatriation will be big along with share buybacks, increased dividends, and other tools to increase EPS."
This was my first idea and I clung to it with vigor. I went in on depressed companies who would greatly benefit from this tax rate. GE in particular comes to mind. The first week of 2018 made me even more confident and I preached it like Joel Osteen.

2. "Remember, the first earnings report is going to be Q4. A number of companies are going to realize their tax bill will be much lower in 2018 and thus buy and expense as much as they can for the end of 2017. The beginning of the year is going to be poor."
My good friend, my much-smarter-than-me friend, pointed this out to me. The headlines are starting to show that the first earnings of 2018, which will be Q4 of 2017, are going to show a huge expense. GE is getting slammed, a few of the big banks say they are going to owe billions. The market looks poised to continue to increase but maybe earnings season number one will be slower than originally expected.