Friday, May 15, 2009

Closed call options.

They will expire today, can not hold them longer, closed them with loss

FAS almost got stopped out, low of today is $8.91 while my stop is $8.9. wow~

Still holding 1/3 URE and FAS.

14:40pm, loaded another 1/3 URE at $3.2, now 2/3 URE positions. Set stop $3.12 sharp
15:34pm,
raised stop to $3.2.
15:40pm, 1/3 URE stopped out at $3.2

6 comments:

  1. Do not play with wish. It is too risk even you win..

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  2. today is lower low for both DJI and SPX. I believe the trend is confirmed. it is too risky to chase high

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  3. So, you are talking about trend posted on Wednesday, right?

    Thanks!

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  4. I don't recall which one was posted on Wed. But market failed to fill the gap of May 14 and broke through a few major resistance. More important, it is lower low. I believe the down trend is confirmed. However, we still need see how bull fights on 870+

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  5. Guys, I think Pivot trade with good tools and good risk control. HE DOES NOT PLAY WITH WISH. However, no traders can win all the time. Relax.

    The second reply is not me nor Pivot.

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  6. Hi guys, I am following what the Pivot Trend System provided me, with some stop and profit taking lines. Surely, the signal from the system could be wrong, and sometimes badly wrong. So for now, I am buying with tight stops.

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