Yesterday the market was surely in turmoil. The Dow plunged while the
Nasdaq barely moved. It seems the FED might raise interest rates at next
month's meeting, at least according to a FED Watch Firm. Anyway, the market
did manage to reach 2440 at it's peak around 11:00 and then proceeded to
drop to a low of 2400 around 1:25. This gave us the 40 point move for entry
by "Trade Commander"*** We waited for the 5 point reversal which came at
1:32 completing the entry requirements. We traded the same stocks as usual
and these are the results:
AMZN
Long @ 115 1/8(1:32) Out @ 116 3/4(3:30) Profit:
$148.50
CNET
Long @ 100 1/4(1:32) Out @ 101 3/4(3:30) Profit:
$136.00
EBAY
Long @ 169 1/2(1:32) Out @ 175 7/16(3:12) Profit:
$579.75
PCLN
Long @ 110 5/8(1:32) Out @ 112(3:30) Profit:
$123.50
RNWK
Long @ 67 3/4(1:32) Out @ 68 1/4(3:30) Profit:
$36.00
VRSN
Long @ 108 1/2(1:32) Out @ 111 3/4(3:30) Profit:
$311.00
YHOO
Long @ 134(1:32) Out @ 136(3:30) Profit:
$186.00
Total Profit: $1520.75 Return on Investment: 1.89%(378% anualized
without compounding)
Even in the turmoil of yesterday's sideways market, Trade Commander made 7
trades, all winners.
That puts it's stats at 12 for 14.
No new trades were made yesterday.
There was an error in yesterday's MSFT bull spread. We are into the 80/85
spread and not 80/80.
Summary of current holdings:
MSFT
Long 5 June 80 Calls
Short 5 June 85 Calls
DELL
Long 5 June 35 Calls
Short 5 June 40 Calls
DRMD
Long 200 shares
Market opening will be real interesting. We are looking to get out of our
MSFT and DELL trades when the stock hits 85 and 40 respectively. DRMD we
are looking to sell @ 16.
Trades for today:
Watch the market closely. Confirm the 40/5/5** entry before playing.
Our "Seven Pilars" can be traded upon entry.
Right now we are spending a lot of time getting ready for the web site
launch and thus we are putting new picks on the backburner a bit.
AS ALWAYS, THE STOCK
PICKS ON THIS PAGE IS NOT FINANCIAL OR INVESTMENT
ADVICE. INSTEAD, ANY OPINIONS EXPRESSED IS SIMPLY MY REFLECTION OF
CIRCUMSTANCES AS I SEE THEM. ANY STOCK PICKS IS NOT RECOMENDATIONS, BUT
RATHER STATEMENTS OF
WHAT I AM DOING WITH MY ACCOUNT. DO YOUR OWN RESEARCH
BEFORE INVESTING. AFTER ALL, IT'S YOUR MONEY!
Prosperous trading to you all...
C
*DT - Day Trade
*STP - Short Term Play
*HTE - Hold Till Expiration
*SP - Speculative Play
*SS - Set Stops
*EPMDBP - Ensure Positive Market Direction Before Playing
