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Post by cosmic on Jul 30, 2010 15:10:05 GMT -5
We have a large green candle, and we did close again over 1101, however the sequential still marked today as non-confirming on Green Arrow, so no new plays.  MPG ran another .10 today, and I missed out because the mechanical trade said I had to sell. I'm not toooooo upset, but geesh - it figures. It kept topping at 3.13 when some hedgie on the EDGX exchange would drop a large chunk of shares to sell, and MPG would always retreat. Today they did it and it advanced a little on them. Oh well. Maybe I chase if it falls back a bit.  Still sitting on stinky LVS puts hoping that side of the trade breaks even. Also added some calls as a hedge to re-hedge the position... they lost some traction today and the puts barely gained so another whiffle.  As for our new member, I think until all the chips are in, we are rushing to judgement. Everyone communicates a little differently, and I haven't read everything yet to confirm spam.  Hope everyone made some money today and will do so on Monday. Members, please post your results along with your RDA of smileys!  |
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Post by benvestor on Jul 30, 2010 15:21:54 GMT -5
Sold 3 ARNA 6 calls for about 90% profit.. wohooooo back in it baby- sort of
Bought one ARNA 9 call- 45 cents.. dabble
spy opened right at the test zone.. looks good to me
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Post by timber on Jul 30, 2010 15:26:16 GMT -5
i only made 25 percent on my arna calls....i really need to grow a pair....but i got burned so bad on options i cant seem to hold them long
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Post by Clinton SPX on Jul 30, 2010 15:28:11 GMT -5
well, swing trading seems dead, so I needed to try something else. Will play the 10min and hour stoch. My research has lead me to the conclusion the fed is putting a floor under stocks and the euro. I sold my faz on the gap down and rode fas on the way up. Holding FAS for Monday. Should get a gap up and Ill probably dump it. rinse and repeat.
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Post by givememilion on Jul 30, 2010 15:29:48 GMT -5
bad day .. Lost tons of money on MU and INTC....what happened to chip sector.. I guess 5th leg of the rally might start on Monday or Tuesday...I hope..  any ideas about it folks? |
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Post by timber on Jul 30, 2010 15:33:59 GMT -5
Sold 3 ARNA 6 calls for about 90% profit.. wohooooo back in it baby- sort of Bought one ARNA 9 call- 45 cents.. dabble spy opened right at the test zone.. looks good to me ben you said it wouldnt see eight again |
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Post by demanuel2001 on Jul 30, 2010 15:34:33 GMT -5
Zero day for me - down a tiny amount. Sold some more LVS Aug puts. My wife tells me I'm driving her to drink - and she's right! We're going out to a wine tasting.
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Post by jack on Jul 30, 2010 15:37:44 GMT -5
We have a large green candle, and we did close again over 1101, however the sequential still marked today as non-confirming on Green Arrow, so no new plays. MPG ran another .10 today, and I missed out because the mechanical trade said I had to sell. I'm not toooooo upset, but geesh - it figures. It kept topping at 3.13 when some hedgie on the EDGX exchange would drop a large chunk of shares to sell, and MPG would always retreat. Today they did it and it advanced a little on them. Oh well. Maybe I chase if it falls back a bit. Still sitting on stinky LVS puts hoping that side of the trade breaks even. Also added some calls as a hedge to re-hedge the position... they lost some traction today and the puts barely gained so another whiffle. As for our new member, I think until all the chips are in, we are rushing to judgement. Everyone communicates a little differently, and I haven't read everything yet to confirm spam. Hope everyone made some money today and will do so on Monday. Members, please post your results along with your RDA of smileys! Eeked out a marginal gain. Our daughter Liz (5'-6" standing) visiting the Tomato Forest - she used to be a cop. LOL!  |
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Post by brosin on Jul 30, 2010 15:40:56 GMT -5
ARNA kicking my butt, but I am going with it kicking and screaming. Holding over the weekend. Added some at $7.25 and $7.64 today. Yuck!
Avg $7.12, -12% currently
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Post by benvestor on Jul 30, 2010 15:49:11 GMT -5
Sold 3 ARNA 6 calls for about 90% profit.. wohooooo back in it baby- sort of Bought one ARNA 9 call- 45 cents.. dabble spy opened right at the test zone.. looks good to me ben you said it wouldnt see eight again I said a lot of things timber.. i was actually saying that as kind of a reverse psych thing. Only thing i follow is the price action right now, and it was heading down.. then i made the comment and poof back up.. So i would check the action on monday morning.. tuesday might be that slaughter.. but i wouldnt hold big overnight now into the arna info call |
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Post by sp7015 on Jul 30, 2010 16:07:28 GMT -5
I had a pretty good week. Portfolio up 20% mostly by trading aapl weekly calls.
My portfolio would have been up 55% if I wouldn't have made some bad trades.
The killer to my performance was buying $260 weekly calls for $3 at yesterdays open and not getting out yesterday. Lost a large percentage on that trade. The other bad trade was buying GS $250 weekly calls for $3 at EOD yesterday and not selling them this morning.
BOUGHT TO OPEN AAPL 260.00 JUL 10 WK5 C $3.00 7/29/2010
SELL TO CLOSE AAPL 260.00 JUL 10 WK5 C $0.03 7/30/2010 -99.00%
BOUGHT TO OPEN GS 150.00 JUL 10 WK5 C $3.00 7/29/2010
SELL TO CLOSE GS 150.00 JUL 10 WK5 C $1.27 7/30/2010 -57.67%
BUY TO OPEN AAPL 250.00 JUL 10 WK5 C $5.99 7/30/2010 50.25%
BUY TO OPEN AAPL 250.00 JUL 10 WK5 C $6.82 7/30/2010 31.96%
SELL TO CLOSE AAPL 250.00 JUL 10 WK5 C $9.00 7/30/2010
BOUGHT TO OPEN AAPL 250.00 JUL 10 WK5 C $9.75 7/26/2010
SOLD TO CLOSE AAPL 250.00 JUL 10 WK5 C $12.34 7/27/2010 26.56%
BOUGHT TO OPEN AAPL 260.00 JUL 10 WK5 C $3.55 7/27/2010
SOLD TO CLOSE AAPL 260.00 JUL 10 WK5 C $5.00 7/27/2010 29.00%
Learned some important leasons this week.
1.) Being hand tied because of possible patterned day trader status and only having 3 day trades a week sucks
2.) I have to time my trades with percision since I only get one shot a day or 3 shots a week
3.)When trading weekly's and the stock doesn't do what you though it was going to do GET OUT
4.)It is better trading ITM weekly calls for aapl stock I.E. $250's
5.) I am much better at seeing daily bottoms and reversal bottoms than tops. I will not chase anymore.
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Post by drtracyb on Jul 30, 2010 16:22:36 GMT -5
i only made 25 percent on my arna calls....i really need to grow a pair....but i got burned so bad on options i cant seem to hold them long That's ok, any pair I might have had got lost when all my penny stocks crashed. My biggie, VSTNQ, has almost doubled since its most recent bottom. I owned shares at the bottom but kept getting scared and kept selling to break even multiple times all the way up - not a way to earn money. So all I have are the shares where I wasn't scared enough and should have been. |
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Post by drtracyb on Jul 30, 2010 16:25:11 GMT -5
Our daughter Liz (5'-6" standing) visiting the Tomato Forest - she used to be a cop. LOL! Hilarious. Any actual tomatoes in there? |
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Post by exabi on Jul 30, 2010 19:06:20 GMT -5
I owned shares at the bottom but kept getting scared and kept selling to break even multiple times all the way up - not a way to earn money. Sometimes not making money but clawing back to b/e feels like making money. |
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Post by Rich on Jul 30, 2010 19:27:10 GMT -5
I'm home safe and sound. Did I mention you can't smoke ANYWHERE in LA? I'm gonna buy a carton of Marlboro's and party |
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Post by timber on Jul 30, 2010 19:35:13 GMT -5
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Post by ask2lern on Jul 31, 2010 4:38:58 GMT -5
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......................so holding SDS and AIB,MPEL and Cash in trading account..........hope you all have a great weekend.......Exalt for Cos....................live to trade another day.....................GLTA