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Friday, November 7, 2008
GS might stage rally on Monday?
Just a thought - that is why after the close.
Have a great weekend
Posted by DavidDT at 11/07/2008 03:59:00 PM 0 comments Links to this post 
Speculation Friday - (ICO)
The WORST of any coal company, but somehow I have a gut feel ( or think I do) that it just might be decent replacement for cowardly dropped BTU position.
Bought 1/2 @3.20
Posted by DavidDT at 11/07/2008 03:55:00 PM 0 comments Links to this post
Tough decision to make
Decided to hold all new positions, including few GLD Nov71puts ( @1.80) over weekend.
See you Monday
Posted by DavidDT at 11/07/2008 03:43:00 PM 0 comments Links to this post
Bidding few GLD Nov71puts
@1.80
delta .39
IVol only 44%
Posted by DavidDT at 11/07/2008 12:18:00 PM 0 comments Links to this post
Buying XLF Nov13 calls for day trade
.XJZKM
IV 81% ( ok)
delta .71
bidding @1.52 ( might move higher)
Posted by DavidDT at 11/07/2008 12:07:00 PM 0 comments Links to this post
Bought to close INTC Nov13puts
Bought to close INTC Nov13puts @.24( avg sell price .44.5)
45% profit overnight
Posted by DavidDT at 11/07/2008 12:03:00 PM 0 comments Links to this post
So much for the "bad math skills" :)
Yesterday's miscalculated QQQQ down target when I had to leave after 2 PM, order was set for 30.17 was not reached by just 23c, well, money not made in this market better than money lost. Bummer... (should I be watching QQQQ action I would buy 10 Nov31calls @.80+ when qqqq was at 30.50 reversing to the upside - another good 60% profit missed.
BTU stop at 28.07 set due to the same reason ( business meeting) took me out of otherwise profitable trade ( today's high 30.06, so reasonable sell would have been 29.80 - on $20000 position (about 700 shares) - $1000 not made.
Due to this morning meeting missed sell point for EXM at about 11.40+ - another $1000 not made.
Why am I talking "coulda-shoulda- woulda" when it makes no difference?
Just to remind myself, that is this difficult market with sudden changes, positions MUST be monitored constantly and I broke the rule by "setting it and forgetting it" - IDEAS were good, execution smells badly
Being right on the market does not automatically makes you money...
Oh, well, I am back home - may be will spot something to trade - thou doubt it - not willing to hold anything over weekend ( since my downside target for QQQQ around 29.4+ was not reached - at the point where it is now - I don't know what direction it will go...
blue dotted line is CMF14 ( Chaikin Money Flow ) centerline - looks like more distribution to me.
solid blue - is CMF
on hourly yellow line - my expected down target yesterday.
on weekly yellow - important zone of support
Posted by DavidDT at 11/07/2008 11:52:00 AM 0 comments Links to this post
Hunting QQQQ Nov31 calls
Unfortunately, have to leave the house for few hours ( still have not mastered PALM based ThinkOrSwim trading platform, which IS cool, but not for my eyes)
Setting up DAY conditional order to buy 1/2 of intended position in QQQQ Nov31 calls when QQQQ last <= 29.82
Stopped out of BTU position at28.07 yesterday (loss 28c = 1%)
Holding EXM (cost 10.90)
Hope to be back by noon
Good luck.
P.S. If anyone using software with built in DeMark studies, I would appreciate such person posting his/her take intraday at real time chat
http://www.tangler.com/forum/trading-to-win
Posted by DavidDT at 11/07/2008 08:58:00 AM 0 comments Links to this post
Thursday, November 6, 2008
BTU starts to worry me
Most likely will sell at break even ( or will set stop at 28.07)
Posted by DavidDT at 11/06/2008 02:33:00 PM 0 comments Links to this post
QQQQ acting in line with expectations
Posted by DavidDT at 11/06/2008 02:29:00 PM 0 comments Links to this post
Selling few more INTC Nov13puts @.47
Hope to be back by the end of the day
Posted by DavidDT at 11/06/2008 01:54:00 PM 0 comments Links to this post
"Why EXM long?"
I hope this chart speaks for itself, don't hesitate to ask if you have to
Posted by DavidDT at 11/06/2008 01:22:00 PM 0 comments Links to this post
Bidding for few $VIX Nov55put @4.20
Also, sold few INTC Nov13puts @.42
Posted by DavidDT at 11/06/2008 01:15:00 PM 0 comments Links to this post
$VIX intraday
So far looks like $VIX might stop climbing after 2PM.
It plays well with "sell before weallllly bad Friday's jobs number"
I will be monitoring QQQQ calls I intend to buy - will have to decide if it has to be done today or tomorrow first thing in the morning.
The problem with "buy today" for me is that I will have to leave for busyness meeting at 2PM - might not make it back in before 4PM.
So far I am setting up conditional day order to buy 1/3 of intended QQQQ Nov31 calls position when QQQQ last = 30.17
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