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Post by cosmic on Aug 31, 2010 15:10:55 GMT -5
Still not happy with this action and since I think we may dip into the 950's (Not Positive But Why Risk It, or NPBWRI policy), and based on the ability to leverage that kind of play with addition profit, I took all profits off the table on longer term holdings.  So if I was up $5K on something, I took 5K out and to cash. I did not enter any bear funds, although I was tempted. Saw some great ideas on the PPDT for more conservative investing.  I feel this is a smart move. I don't like playing defensive, but I can play both ways -- I have additional ammunition to play a rally if one comes about, and I've lowered my risk level AND increased buying power as the dollar is surging (lol). I won't have a new asset allocation for a few days but will post it as soon as it's complete.  Hope everybody made some money today and will do so tomorrow. Members, please post your results along with your RDA of smileys!  |
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Post by tajmahal9898 on Aug 31, 2010 15:15:07 GMT -5
Sold CENX shares for ~16K realized profit.. roundtrip took a long time compared with realized 25K profit within 2-3 hrs the other day.. Took Bullish position on MU (up $800 with no investment ) 100% profit if MU pps > 7 5 cents profit if MU pps between 6 and 7 (plus opportunity to close position on a profit) 100% loss if MU pps < 6a For your order to sell to open 100 Contract(s) of MU Oct 16 2010 6. Put at 0.05 limit, good for today: You sold to open 100 Contract(s) of MU Oct 16 2010 6. Put at $0.33 on 08/31/2010. You bought to open 100 Contract(s) of MU Oct 16 2010 7. Call at $0.28 on 08/31/2010. |
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Post by snapplemoney on Aug 31, 2010 15:17:37 GMT -5
long aapl and fas calls
gl
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Post by brosin on Aug 31, 2010 15:18:11 GMT -5
I like that strategy more than what I thought you were going to do (liquidate all holdings, full positions).
No moves, FAS from $20.1x still down 10% on me (hey with the way people talk, I'm surprised I'm not down 20 or 30% [knock on wood]).
Watching MNDP tomorrow, volume went through the roof on it today. Was a sub penny stock mentioned by Timber a week or 2 ago, and it has fascinated the crap out of me. Was up 72% today after doing nothing but going down since I started watching it. I own a few shares at .0029 (.0037 and .0022 entries), so am hoping for a big day tomorrow.
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Post by sp7015 on Aug 31, 2010 15:25:03 GMT -5
Bought aapl weekly $240 calls for $4.10. Held all day.
If I was smart I would have sold when it hit $6.20.
Then rebought when it hit $4.50.
Sold again when it hit 5.80.
Rebought again when it hit 4.10.
That would have been $3.40 profit and still holding the calls.
I guess hind sight is 20/20.
P.S. I am pumped about the rumor of the new ipod having an MVIS projector in it. I believe this could be a catylist to lift aapl stock and rocket MVIS.
We will see tommorro.
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Post by ask2lern on Aug 31, 2010 15:27:39 GMT -5
I traded SPY 105 PUTs throughout the day................did very well most of the trades are posted in the PPDT............I did not keep track but I know I did very well overall ........................all cash excpet AIB and INTC in trading account.......... both officially considered "money in Jail"  the only thing is I am not sure when they come up for parole or how long the sentence is  .......................Exalt for Cos.......................Live to trade another day..............GLTA  NICE TRADE ON CENX TAJ.................. |
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Post by drtracyb on Aug 31, 2010 15:29:14 GMT -5
P.S. I am pumped about the rumor of the new ipod having an MVIS projector in it. I believe this could be a catylist to lift aapl stock and rocket MVIS. We will see tommorro. You'd think MVIS would have moved more today if the rumor was true. |
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Post by jack on Aug 31, 2010 15:37:53 GMT -5
P.S. I am pumped about the rumor of the new ipod having an MVIS projector in it. I believe this could be a catylist to lift aapl stock and rocket MVIS. We will see tommorro. You'd think MVIS would have moved more today if the rumor was true. 10% and 2.3M vol ain't too shabby How's that work if one approaches a blackhole you can see the future? Just give me a few trading days w/ that actionable intel, eh? LOL!!! |
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Post by blueskies on Aug 31, 2010 15:38:05 GMT -5
sitting on some shares of BGZ from this morning. bad entry as I had to get my car inspected when market was way red, and left a buy order. market was wicked green when I finally got back. decided to stay in it and it was looking great towards EOD until...
that was some EOD bouncy bounce in the last half hour huh? just can't seem to leave 10K behind. "they" did not want DOW to close under than today.
GL to all
blue
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Post by ask2lern on Aug 31, 2010 15:38:10 GMT -5
P.S. I am pumped about the rumor of the new ipod having an MVIS projector in it. I believe this could be a catylist to lift aapl stock and rocket MVIS. We will see tomorrow. You'd think MVIS would have moved more today if the rumor was true. That may be the case but it is weird that the open interest on Sept 2.50 calls is only 50 October is 0..................... but get to November call and the 2.50 open interest is 1392 and the 5.00 is a whooping 2399 and there are 329 open on the 7.50's............I have not been following the open interest in MVIS but your post made me look............FWIW.............not huge but def could indicate something going on under the hood IMO..................GL disclosure: I am long 10K shares............. |
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Post by Rothschild on Aug 31, 2010 15:53:54 GMT -5
Was a real dull day for me; I managed to eek out a gain of 0.43% after being whipsawed by bear/bull etfs. The folks at Direxion are printing money for themselves like Bernanke. Perhaps helicopter ben turns on the bots to full capacity?  Hope everyone made a bundle and will continue to do so. All the best! |
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Post by Rich on Aug 31, 2010 16:10:48 GMT -5
Hot, close to unbearable.
Gonna move to Canada.
I did take a lookie-see at the market at lunchtime.
Still don't like it.
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Post by trading4dough on Aug 31, 2010 16:17:20 GMT -5
had a daytrade on tna in the am +2.5%
sold my big tna position i got yesterday -2.1%
so i netted a -0.9% loss on the whole thing
not happy about it at all ............... very poor execution on my part
added to mvis today my net position average is $2.68
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Post by Rich on Aug 31, 2010 16:21:54 GMT -5
Just looking at the charts, it seems almost un-tradeable.
Maybe a scalp here or there.
Cos nailed it. They look so angry.
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Post by trading4dough on Aug 31, 2010 16:27:02 GMT -5
Just looking at the charts, it seems almost un-tradeable. Maybe a scalp here or there. Cos nailed it. They look so angry. real angry and yeah chuck the charts out the window all the technicals r printing failed signals we see this when a massive move is very close and i would rather be cash then on the wrong side |
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Post by brosin on Aug 31, 2010 16:40:38 GMT -5
chuck the charts out the window Bingo. This was never supposed to be easy. Playing things only from a technical basis has been impossible I would argue. By playing the charts, you'd have sold on the bottom and bought at the top so many times now. Skepticism has been the name of the game for the entirety of the rally, excluding April when the put/call ratio dropped off a *cliff. So what does that tell us? |
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Post by demanuel2001 on Aug 31, 2010 17:03:40 GMT -5
No trades today. Down around $14k. Makes for a small losing month for me. Looking forward to Sep expiration and locking up a bunch of worthless short put premium.
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Post by ukarlewitz on Aug 31, 2010 17:16:57 GMT -5
Sounds like everyone is confused. Can't short, can't go long. Can't go into bonds. Or commodities. Or real estate. Thank goodness for deflation so cash will rise in value.
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Post by Rich on Aug 31, 2010 17:18:40 GMT -5
I thought you were on vacation |
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Post by zabee on Aug 31, 2010 17:26:32 GMT -5
Rich unless you want to move to the Artic circle its damn hot here in Toronto as well. Close to 93 here.
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Post by cosmic on Aug 31, 2010 17:40:05 GMT -5
Hot, close to unbearable. Gonna move to Canada. Rich unless you want to move to the Artic circle its damn hot here in Toronto as well. Close to 93 here. hahahahahahahahahahahahahahahahaha |
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Ras
Commodities Trader
Posts: 239
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Post by Ras on Aug 31, 2010 17:42:57 GMT -5
Bought aapl weekly $240 calls for $4.10. Held all day. If I was smart I would have sold when it hit $6.20. Then rebought when it hit $4.50. Sold again when it hit 5.80. Rebought again when it hit 4.10. That would have been $3.40 profit and still holding the calls. I guess hind sight is 20/20. P.S. I am pumped about the rumor of the new ipod having an MVIS projector in it. I believe this could be a catylist to lift aapl stock and rocket MVIS. We will see tommorro. I bought them at 3.70 and watched them go up and down and finally got afraid when it started going down towards 4. So got rid of it at 4.30. It went up right after I sold them and my stupid brokers are having some system problems so it shows that I am restricted on cash only transactions. I called them yesterday and they were like everything was fine with my margin and it was their system prob and they won't be able to fix it till Nov or something. Seemed more like a restriction to me but there was no reason and they are just acting stupid as always, so I might move to another brokers. I was hoping Apple would make move closer to 250 today with the weekly options in player but guess it will wait till tomorrow. |
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Post by ukarlewitz on Aug 31, 2010 17:45:12 GMT -5
chuck the charts out the window Bingo. This was never supposed to be easy. Playing things only from a technical basis has been impossible I would argue. By playing the charts, you'd have sold on the bottom and bought at the top so many times now. Skepticism has been the name of the game for the entirety of the rally, excluding April when the put/call ratio dropped off a *cliff. So what does that tell us? Mr Market wants you get apathetic. This where big bottoms are formed. The trick here is pay attention, remain engaged but don't screw up your capital base. We want to be fresh and ready to roll when everyone else is worn out and has given up. There's a bull market right now in precious metals and yield assets so play there in the meantime. |
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Post by theMIST on Aug 31, 2010 17:51:28 GMT -5
Just took a look at tea leaves and they said "You Flucked Up Mist!"
EOD whipsawed my ass! Need to stay disciplined and ALL cash and await market move.
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Post by exabi on Aug 31, 2010 17:52:46 GMT -5
No trades...just watched the waffle action. 90% cash.
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Post by brosin on Aug 31, 2010 18:09:21 GMT -5
Bingo. This was never supposed to be easy. Playing things only from a technical basis has been impossible I would argue. By playing the charts, you'd have sold on the bottom and bought at the top so many times now. Skepticism has been the name of the game for the entirety of the rally, excluding April when the put/call ratio dropped off a *cliff. So what does that tell us? Mr Market wants you get apathetic. This where big bottoms are formed. The trick here is pay attention, remain engaged but don't screw up your capital base. We want to be fresh and ready to roll when everyone else is worn out and has given up. There's a bull market right now in precious metals and yield assets so play there in the meantime. I was there. I had my wallet out and was ready to pay my fare onto the bear bus. Then I took a long contemplative look at everything, and ended up where I am with my big red avatar. |
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sabin26
Commodities Trader
Posts: 103
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Post by sabin26 on Aug 31, 2010 18:17:12 GMT -5
Bought TNA PM at 33.09...calculated the S&P using SSO to be right on 1040ish and "knew" they would not let that go so easily, sold at 34.2 around 10:10, had no idea it was the consumer spending news that rocketed the market but wasn't gonna complain. No other trades. I would post my trades interday but fastopia is blocked at work and the mobile proboards app doesn't let u post. My latest strategy employs using Carl F's S&P range estimates and playing off those with TNA and TZA. Given the ridiculous volatility, i find it almost impossible to not make a profit unless you get too greedy or manage to perfectly pick the top/bottom, respectively. Also since it seems no stock can think for itself in this market, i may as well play the small caps which have the highest risk/reward ratio of the 3x's i've seen without being subject to polarized (prolly not the best word choice) news like the real estate and the bank etf's. It has definitely worked quite well for me in the last two weeks but is incredibly stressful as i'm throwing almost my entire account in at a time (fairly reckless i know) but those 1-3% gains sure do add up that way though. Certainly glad i didnt look at Carl's ranges today though!, ;D but from what i've seen based on the PPDT his range calls are uncanny at times. (If only that could be said for his execution!) Was happy to see MVIS fly up as i like the tech and previously owned it at 2.7 but sold it at 3.0 when i got bored. I still watch it for "S&G's" and cause i have learned a lot from all the discussion here. Was sad to see it feel the market's wrath at 230 and have the shorts regain control...grrrrr. Almost jumped in at 2.52 when things picked up early but didnt think it was worth the risk to buy off a "rumor"...glad i didn't. Also was expecting to see a news story AH based on there tendency for releases then but, alas, nothing. I'm sure you guys will have your day in the sun, just hoping its sooner than later for you all still in. Think there is way too much "noise" in the next few days leading up to the extended weekend to make a play. If things get obvious (ya right, i know) i may try and catch a knife with one of the "t's" interday for a quick scalp. Just don't think such a risk is really worth it now as the battle of 1040 ensues. Cos - i know i still owe you the bit about the mobile proboards app...can't figure out the pic uploading process so sending you a PM...that was quite the "debate" you had on the fas ymb the other night, haha. |
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Post by Rich on Aug 31, 2010 18:55:05 GMT -5
Hot, close to unbearable. Gonna move to Canada. Rich unless you want to move to the Artic circle its damn hot here in Toronto as well. Close to 93 here. hahahahahahahahahahahahahahahahaha I am so ready for winter. I can stay up all night on the Fastopia board. I can wake up in the morning and get ready to trade. I can't wait! |
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Post by benvestor on Aug 31, 2010 19:01:24 GMT -5
Still Holding LVS calls.. If this H/s plays out and i will flip to puts and if not these calls will come back to even for me. I need a 29.60 to paint on LVS chart to get back to even here.
Cannot wait to be out of this trade.
GL for tomorrow!
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fariba
Futures Trader
Posts: 292
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Post by fariba on Aug 31, 2010 19:24:02 GMT -5
had a daytrade on tna in the am +2.5%
sold my big tna position i got yesterday -2.1%
so i netted a -0.9% loss on the whole thing
not happy about it at all ............... very poor execution on my part
dear t4d. you capitulated. why? i think your tna would have gone up beautifully for you. i believe we hit the lod 1032 premarket and will be 1100 by after labor day.( like your charts and mr bronze's chart said). i believe you were right. your first instinct is usually the correct instinct. we will tap 1100 and then go south to rally back up by mid oct for nov elections. this is how i will play this market. please look at your charts again and trust your numbers. you have one of the best market acumens around. of course, mr cosmic's alter ego meatpopsicle is in a class by himself as well. i am pretty sure we will rally.
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the only thing is I am not sure when they come up for parole or how long the sentence is 
.......................Exalt for Cos.......................Live to trade another day..............GLTA
Hope everyone made a bundle and will continue to do so. All the best!
