Gosso wrote:
AdamA & Storm,
Anything interesting to report? The US PermPort has been relatively flat over the past 6 months -- it appears that SPY has increased 15%, while TLT and GLD have been flat.
Mine is still doing well. I started with about $20k and it's still around $32k (all virtual, no real money). I put around $5k in each of Jan 13 LEAPS for GLD, TLT and SPY initially. I bought 3 for GLD, 4 for SPY and 10 for TLT.
It would have been exciting to have done this for real, but I think it's ultimately bound to fail, for multiple reasons.
One, I think you'd eventually wind up taking a giant loss.
Two, I doubt I'd be capable of waiting until October to sell them and rebuy (which was the original plan). I'd have probably sold all of my positions months ago to take profits. God only knows what I would have done if the positions would have started off with a big loss.
Three, requires frequent trading. Very bad in a taxable account.