| September 20th, 2011 09:45 AM |
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| membar |
Made a handful of discretionary trades this morning:
- bought 1 AAPL Oct $330 Put
- bought 100 FAS @ 13.17
- sold 1 FAS Oct $14 call @ 1.30 |
| September 20th, 2011 09:56 AM |
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| membar |
In FAS @ 13.12, profit target 13.27. I think I might have been too soon on this one. |
| September 20th, 2011 10:02 AM |
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| membar |
Quote:
membar wrote:
In FAS @ 13.12, profit target 13.27. I think I might have been too soon on this one.
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...out at 13.22. Wasn't going up confidently enough for my taste.
~0.5% profit. Going to try for another 0.5% later. |
| September 20th, 2011 10:10 AM |
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| ISA_Coder |
i bought 100 shares of AGQ yesterday at 200.00 and kind of forgot about it because i left myself with enough to still day trade. My original goal was to hold until 220 to get a nice round 10% / 2K on this, but I'm currently up close to 3% and my instincts are yelling at me to sell. I guess i'm just no good at buying and holding...not patient enough. |
| September 20th, 2011 10:12 AM |
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| ISA_Coder |
BTW member, i saw you mentioned me yesterday but i was confused on what part you were crediting to me....
Quote:
membar wrote:
Time to short the strategy again.
Strategies are in FAZ & ZSL. Ahead in both for now.
In FAS @ 12.84. profit target 12.99. Mental stop loss around 12.36.
Ding! I think ISA_Coder is my new hero. I'm 4 for 4 so far. |
| September 20th, 2011 10:12 AM |
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| membar |
In FAS @ 13.08, profit target 13.23. |
| September 20th, 2011 10:17 AM |
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| membar |
Quote:
membar wrote:
In FAS @ 13.08, profit target 13.23.
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...out at 13.17. I'm nickle and diming myself today. Want another 0.5%. |
| September 20th, 2011 10:24 AM |
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| membar |
Quote:
membar wrote:
- bought 100 FAS @ 13.17
- sold 1 FAS Oct $14 call @ 1.30
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Bought back my call @ 1.30 and sold those 100 FAS @ 13.23. +1.5% profit for the day including my earlier FAS trades. I'm going to call that mission accomplished for today.
Daytrading strategies: in ZSL (ahead) and FAZ (behind). |
| September 20th, 2011 10:30 AM |
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| membar |
Quote:
membar wrote:
Bought back my call @ 1.30 and sold those 100 FAS @ 13.23. +1.5% profit for the day including my earlier FAS trades. I'm going to call that mission accomplished for today.
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One more trade, because I'm so utterly convinced that shorting my strategies is the thing to do.
In ZSL @ 12.28, profit target 12.40, though I reserve the right to get out sooner. |
| September 20th, 2011 10:58 AM |
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| membar |
Quote:
ISA_Coder wrote:
Ding! I think ISA_Coder is my new hero. I'm 4 for 4 so far.
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Sorry - I was so busy with my spamming that I didn't see your post lost in the middle.
I referred to you as my hero because this scalping thing has been working out for me and I thought it was kind of cool.
BTW: AGQ can be very volatile and can turn on you as soon as you sneeze. Caveat emptor. |
| September 20th, 2011 11:01 AM |
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| membar |
Quote:
membar wrote:
One more trade, because I'm so utterly convinced that shorting my strategies is the thing to do.
In ZSL @ 12.28, profit target 12.40, though I reserve the right to get out sooner.
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Ouchie. Not sure whether to hold to my stop loss or sell. The daytrading strategy has AGQ, so it's not the worst thing in the world if ZSL tanks. |
| September 20th, 2011 12:38 PM |
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| membar |
Quote:
membar wrote:
One more trade, because I'm so utterly convinced that shorting my strategies is the thing to do.
In ZSL @ 12.28, profit target 12.40, though I reserve the right to get out sooner.
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Ding! This is like taking candy from a baby, although that baby is bludgeoning me over the head with the daytrading strategies.
Easy money is always easy. |
| September 20th, 2011 12:52 PM |
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| BullDog |
Come on baby, do we see FAS 14 -> 15 -> 15.98 ?
Bernanke, do ur magic :-) Do we have QE3? |
| September 20th, 2011 01:50 PM |
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| BullDog |
Obama steals a page from Buffets book -
Warren Buffett's call for higher taxes on the super rich inspired President Obama to propose a "rule" for taxing millionaires more.
Moral of story: Makes a lot of money from investments, which are taxed at a lower rate than wages.
http://money.cnn.com/2011/09/20/news/economy/buffett_rule_milllonaires/ |
| September 20th, 2011 01:52 PM |
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| membar |
Quote:
BullDog wrote:
Come on baby, do we see FAS 14 -> 15 -> 15.98 ?
Bernanke, do ur magic :-) Do we have QE3?
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I wish I could predict what the market was going to do. We could get a Europe blowup shortly after buying FAS. |
| September 20th, 2011 02:53 PM |
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| membar |
The last thing I feel I should do is taking advantage of this EOD trendedness I've been seeing lately around 14:30, 15:00 or 15:30. I think that's too advanced for me, though, and I'm already up 2.5% today (in my discretionary trades). |
| September 20th, 2011 03:15 PM |
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| allen314159 |
I'm still at the spook zoo hoping for an EOD sell-off :( |
| September 20th, 2011 03:25 PM |
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| membar |
Quote:
allen314159 wrote:
I'm still at the spook zoo hoping for an EOD sell-off :(
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You only use a stop if SPY gaps down, right? |
| September 20th, 2011 03:39 PM |
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| allen314159 |
Quote:
membar wrote:
You only use a stop if SPY gaps down, right?
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Only if I'm in UPRO and it gaps down do I use a stop. But I've normalized my position sizing to be 2x the S&P 500 volatility since that's what I'm comfortable with...
I might go back to FAS/FAZ because I feel like I can derive better strategies with them. They kinda feel more like home to me. :p |
| September 20th, 2011 03:46 PM |
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| membar |
Quote:
allen314159 wrote:
Only if I'm in UPRO and it gaps down do I use a stop. But I've normalized my position sizing to be 2x the S&P 500 volatility since that's what I'm comfortable with...
I might go back to FAS/FAZ because I feel like I can derive better strategies with them. They kinda feel more like home to me. :p
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FAS / FAZ have been mean monsters lately for me. I'm about to get stopped out in FAS again. I should have just hopped on FAZ at 15:00.
I'm kind of close to throwing in the towel with daytrading. It's loss after loss after loss. |
| September 20th, 2011 04:32 PM |
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| BullDog |
>I'm kind of close to throwing in the towel with daytrading. It's loss after loss after loss.
Agreed, short term trading is v difficult with FAS now a days. Guarantied to loose money. I am 2 scared to do anything with FAS short term, I am holding my longs thought as I have staying power and in no hurry to sell at these low prices. |