Tuesday, June 9, 2015

Tuesday's Outcomes

I opened positions  in VNQ, a real-estate investment trust fund.

Otherwise, this was a housekeeping day, as I closed out some long-term positions and added to some existing ones.

I exited my long-term positions in SNDK, ERF, BXMT and NYMT, all for losses. My take-away from these is that long-term trading is a really bad idea. I mean, the tax break from long-term capitals gains is nice, but a loss is a loss, whatever the tax rate.

I added to my positions in TLT and FXE.

-- Tim Bovee, Portland, Oregon, June 9, 2015


My volatility trading rules can be read here.


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Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

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