Tuesday, June 30, 2009

Sold all FAZ at $4.69

Locked profits (loaded yesterday at $4.55).

Monday, June 29, 2009

bot FAZ $4.55

This could be a quick trade.

This trade follows a sell signal on finance triggered by the Pivot Trend System at today's close.

The Pivot Trend System is not doing great recently, which made two losing calls in a row. This rarely happens. However, on the other hand, it may be now on the way to its over 70% winning rate again. Every system/trader has its dog days.

Just move on with risk management.

Start to close some long positions

Closed CMCSA calls.

Still holding SRS positions.

Friday, June 26, 2009

Market strength

I am actually not so bearish. SRS is the position following my Pivot Trend System.

I also have some bullish ideas like CMCSA, CIEN, GLD, which I already loaded calls in.

I am currently looking at V and will load some calls too.

Today, big names are holding up great, like AAPL, AMZN, MA, GS, ...

As a trader, you must be able to be as flexible as market.

Loaded some FAZ Oct 5 call

Cost at $1.15, target is for a double. This is a med-term play.

Also another plan is to long Gold from here.

Thursday, June 25, 2009

sold the other URE $3.43, and loaded SRS

System signaled a SELL on IYR.

Cleared out all FAS and URE long positions, and loaded SRS at close, $20.45.

Sold 1/2 URE $3.38

IYR is relatively too weak.

15:55pm sold the other 1/2 FAS at $8.84