All Trades Discussed on this Blog and Conference Call are for Educational Purposes Only and are NOT recommendations.
Per our rules, we closed out the last 5 contracts of our RUT JUN Paper Trade today. With the early trading looking bullish we took the risk off the table on the first pull back and were able to lock in some nice profits before the RUT moved higher today.
They were bought back at an average of $6.59 (We originally sold them for $8.57)
($8.57 - $6.59 = $1.98) Our total risk per contract was $1.43.
For these 5 we received an ROI of 138% (1.98 / 1.43 = 138%)
The first batch we closed out for an average of $7.00 per contract
($8.57 - $7.00 = $1.57)
For the first 5 we recieved an ROI of 109% (1.57 / 1.43 = 109%)
Cost of commissions based on $1.50 per contract (In $60 / Out $60 = $120)
Total Return $1775
Less Commission - $120
Net Return $1655
Total Risk $1430
Net ROI = 115%
To learn more about why we put this Paper Trade on click here.
In Summary:
Market Bias: Neutral
Trade Duration: 4 weeks
Profit Objective: 50% to 100% ROI
Goal Achieved, now we start to look for our July setup.
Monday, June 16, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment