My Trading Account Status 11/7/2014

Here are my holdings as of November 7th, 2014:

DescriptionSymbolQuantityDate AcquiredCost BasisMarket Value
AFLAC INCAFL10001/31/14$6,278.95$5,854.00
AFLAC INCAFL8903/27/14$5,540.75$5,210.06
AFLAC INCAFL1111/7/14$652.74$649.66
AT&T INCT1008/22/14$3,463.60$3,550.00

I haven’t made any trades in the month of October. The first half of October was just baaad. It was hard to sell anything since doing so would result in a loss which I was not willing to take. The only reasonable course of action I had was to hold and wait. Fortunately the market recovers during the second half of October. I guess it was healthy for the market to have a correction, but my shares of AFL are still not out of the red yet.

I finally sold my 24 shares of DE for $87.50 a share on 11/6/2014 and netted a proceeds of $2,094.99. I used some of the money received to purchase 11 shares of AFL on 11/07/2014 for $58.89 a share (to bring my total shares of AFL up to 200). Basically I am preparing myself to sell calls when the price is right.

The cash balance in my trading account is now $1,503.21. Not sure what to do with the cash at the moment, since I think it is too little to make any meaningful trades. Guess now I would look for an opportunity to sell my shares of T.

Wow, I haven’t posted in a looong time. Nearly forgot how therapeutic writing down my thoughts can be.

My real bottom line on 11/7/2014: $16,827.21

My Trading Account Status 9/22/2014

Here are my holdings as of September 22th, 2014:

DescriptionSymbolQuantityDate AcquiredCost BasisMarket Value
AFLAC INCAFL10001/31/14$6,278.95$5,854.00
AFLAC INCAFL8903/27/14$5,540.75$5,210.06
AT&T INCT1008/22/14$3,463.60$3,550.00
DEERE & CO DE249/8/14$1,984.71$2,009.76

I didn’t make a trade last week. There is nothing much to report here.

DE will pay out a cash dividend of $0.60 per share on 11/3/14 to shareholders, with an ex-dividend date of 9/26/14. So maybe we will see an upward movement in DE in the next couple days. Maybe.

I am tempted to sell either T or DE so I can buy 11 shares of AFL, to make an even 200 shares, but it’s not the right time to sell yet.

My real bottom line on 9/22/2014: $16,624.38

My Trading Account Status 9/13/2014

Here are my holdings as of September 13th, 2014:

DescriptionSymbolQuantityDate AcquiredCost BasisMarket Value
AFLAC INCAFL10001/31/14$6,278.95$5,979.00
AFLAC INCAFL8903/27/14$5,540.75$5,321.31
AT&T INCT1008/22/14$3,463.60$3,450.00
DEERE & CO DE249/8/14$1,984.71$1,966.80

Maybe I jinxed myself last week by trying to be more creative with the title of the post. The total value of my trading account dropped below $17,000 again.

I had a long day, and I was really tempted to hold off writing this post today. However, I wonder if my feeling of not wanting to write stems partially from the reality that my stocks aren’t doing so well. I have to keep myself honest, a bad week is a bad week.

I made a trade this past week. I bought 24 shares of DE at $82.49 a share. The total cost basis is $1,984.71. This purchase reduced my cash balance to a mere $0.56. It felt like DE has been dropping ever since I bought it. The share price finally closed at $81.95 to end the week.

I bought DE mainly because it looked cheap. I was looking for value. It now has a P/E of 9.35, and the dividend yield is 2.93%. I understand that DE is a cyclical stock and it may take some time before the stock price would move back up again.

Looking at my portfolio now, one would think that it is an investing portfolio rather than a trading portfolio. All my holdings have a P/E of below 11 and they all pay a modest dividend. Maybe I should have invested in a more flashy stock? Oh well. Did I mention that I am more of an investor by heart?

My real bottom line on 9/13/2014: $16,717.67

Account Status: Back Over $17,000!

Here are my holdings as of August 30th, 2014:

DescriptionSymbolQuantityDate AcquiredCost BasisMarket Value
AFLAC INCAFL10001/31/14$6,278.95$6,146.00
AFLAC INCAFL8903/27/14$5,540.75$5,469.94
AT&T INCT1008/22/14$3,463.60$3,515.00

I made no trades this past week.

The cash balance increased from last week because I received cash dividend of $69.93 from my 189 shares of AFL. Now I have $1,985.27 of cash to work with. However I still feel that is not enough for selling a put. The search for something under $19 had been futile so far.

Again, I had YHOO on my watch-list last week, but the stock price just kept on going up. I think I have missed an opportunity to buy YHOO before the Alibaba IPO. So for the coming week, I might have to consider something else other than YHOO.

My real bottom line on 9/6/2014: $17,116.21

My Trading Account Status 8/30/2014

Here are my holdings as of August 30th, 2014:

DescriptionSymbolQuantityDate AcquiredCost BasisMarket Value
AFLAC INCAFL10001/31/14$6,278.95$6,124.00
AFLAC INCAFL8903/27/14$5,540.75$5,450.36
AT&T INCT1008/22/14$3,463.60$3,496.00

First of all, let me apologize (to my dear semalt readers). I didn’t write an update last week because I didn’t have the time.

However, I did make a trade in the week of August 17th. In my last post, I said that I might write another put option. I did, but not on WFC. In hindsight, maybe I should have sold a $51 WFC put. Oh well. Instead I sold a $35.00 Aug 22 ’14 put on T, which explains why I now own 100 shares of AT&T. T closed on 8/22 below $35.00 and 100 shares of T were assigned to me.

As you can probably tell by now, I like to “trade” stocks that are good for long term holding. T currently has a dividend yield of 5.26%. So if a selling opportunity doesn’t come by, I can still collect some dividend income while I wait.

Because of this trade, I am left with $1,915.34 in cash. It is kind of hard to make this sum of cash work for me.  I will need to find stocks trading below $19 for writing a put option. Nothing under $19 interest me just yet. I did put in a last minute $38.00 limit order for 50 shares of Yahoo (YHOO) on Thursday 8/28 and on Friday 8/29. They didn’t go threw. Maybe I will try again next week, but with the upcoming Alibaba IPO, YHOO may not go below $38 anytime soon.

As I look back, I think I have missed an opportunity with AFL. AFL was trading below $60 from 8/01 to 8/13. In that time period, I should have bought 11 more shares of AFL to bring my total shares up to 200. I had the cash, but for whatever reason, it didn’t occur to me to do so. Had I make that trade, I would now have the option to write 2 call instead of just 1 on my underlying AFL stocks.

My real bottom line on 8/30/2014: $16,985.70

Side note: I think I should be more creative with the titles of my status update posts. They are getting repetitive.