Like a Deer In Headlights

I feel a little like Pete Mitchell. You know Pete Mitchell aka "Maverick" from Top Gun. Remember when Goose dies? Maverick is out there scared, he has lost the edge and he can't pull the trigger on even the easiest targets. Well that is how I feel. These last couple of days should have been easy target/trade days, but instead of pulling the trigger, I have been waiting for a "better" time.

I put in two trades, one for my brokerage account and one for my IRA account at prices I knew weren't going to get hit. I'm not sure why I am doing this. Instead of taking the easy money, I am holding off for the ridiculous money. I am just so convinced that BAC is going to run up that I feel weird not trying to take fully advantage of any gains. Well after reaching $8.57 the other day. BAC has hit huge resistance at $8, unable to break over for the second day in a row.

This is totally different from my MS trade. I sold a call against it on a day when I was sure the rally was going to pull back only to have it skyrocket. If I would have repeated the strategy in the last two days, I would have seen some real easy money. Aarrrgghh!!! It is frustrating.

Cumulative Stats on these Positions

1. BYODH 89.39%
2. WBAAH -83.45%
3. NJPDQ 74.96%
4. MSDY -116.46% (this is covered call and in reality I am not down any money, just lost profits)

Like I have explained before, MSDY is a covered call I sold for $1.75 a share. It is selling in the open market for $3.80 but I am not obligated for that difference. I just have to sell my MS stock @ $24 in the 3rd week of April. If MS is selling at anything lower than $25.75, I didn't lose any profits. Anything above that and I'm leaving money on the table but I'm not losing money.

Portfolio up $810.06
No trades