clarkatroid is not folding

First up , share deals.

Im not going to go into detail as to the reasons why i hold each share, as its boring and better explained elsewhere, but at the end of each month im going to post my share trades,and results. Im doing this to 100% guarantee im honest with myself about whether or not im making a profit.

At the moment, im not, im 5% down.

Now if i blogged this yesterday i would have been 16% adrift, but last monday i was 5% in profit. This is what im doing with my poker profits from last year, and ive been having a heart attack at various times this month as the portfolio swings 10k a day one way and the other. Longer term, ie at some point in 09 ill be investing positively into the market, but for the time being im bearish on everything

I have found it really exciting though,  probably because it taps into the inner gambler thats in most poker players. 6 months ago i used to wake up and my first job was trawling the 2p2 forums, now im checking market movements and reading the financial times, which is probably a sign of getting old as much as is it getting giddy about share dealing

Even though im down 5% atm, i like my positions on all of the 4 options, or i would have sold them. However i have made a mistake in my entry point though, buying in at slightly the wrong times, which im going to concentrate on for my next trades.

Basically, ive bought 4 covered warrants. 10k on a copper put warrant that profits as the price of copper decreases. This is the most geared and most risky warrant i hold, it got hammered 22% last monday, but gained 20% on tuesday. I bought at 64p, the current price 65p, and my target to exit this is 90p.

The other 3 are all put warrants on the FTSE100 which again go up at (a different pace) as the ftse goes down. I bought in at the wrong price ( around 4100 ) . If i had better timing, i would be in at the 4300 mark.
i will sell all the ftse put options if the market hits 3700, which im relatively optimistic it will before the end of march. and i should show around a 10% return

My stop loss is -25% on everything, and if that happens, that will be the end of my short term trading experiment. The bottom line is ill get wiped out if the markets rally in the next couple months. This very well could turn out to be a story of money won 08 in poker then frittered away in 09 in the stock market, but we will see.

Poker