Search results

As a diehard technician I can't comment on the fundamentals, but what I can say is the chart doesn't look too healthy. I wouldn't go long unless they get over 9.00. JMHO.

TOS upgrade their software tomorrow. Seriously sexy new features. The best keeps on getting better. :)

Talk about a wild ride! This is one hell of a rollercoaster. Today's action BTO BHI Jul 75 calls @9.00 BTO ADI Sep 30 calls @3.70 Hold on tight.

Changed my SHLD order before I left for work. Set it up in 2 parts, the 1st trade triggering the 2nd: 1) buy back the 160 calls if we breached 163 2) 0.20 trailstop on the 165's. Got home to find I'd been stopped out, final position 0.05 short of break-even. No complaints there...

I'd sleep a lot better if I knew there were a safety net, so set up the following conditional order: BTC @ market if SHLD quotes above 163 or below 152. Unless there's a gap up, I can't lose more than 1-1.5%. If this spread expires worthless, I'll be up 5%.

Day's action BTC HUM 50/55 bear call @ 1.55 BTC SUN 70/75 bear call @ 1.55 BTC ATI 70/75 bear call @0.90 STO NTRI Jun 60/65 put @1.60 Have a feeling the market might bounce over the next couple of days so thought I'd rebalance things a little. Took profits on ATI as it tested...

Day's action SUN - STO Jul 70/75 bear call spread @1.70 MRVL - STO Jul 55/57.5 bear call spread @0.60 SHLD - STO Jun 60/65 bear call spread @2.25 SHLD - decided to add to my existing position as it retested the intraday highs. MRVL - thought I'd go with the more conservative...

What do you envisage happening when the trading clock turns 24/7?

STO ATI Jul 70/75 bear call spread @ 1.65 Expect a pullback, but probably not holding until expiration. Small size as I'm anticipating a move that hasn't happened yet.

Also, closed K today.

I was looking for a swift move that didn't happen. Decided to remove my exposure, take the small loss and look for a higher probability play. I'm a little hesitant to comment or commit to anything at the moment, this market's bamboozling me. However, if MRVL closes around the current...

Full steam ahead? Not unless the sellers gather a little more pluck. QQQQ SPC@2.45 RIG SPC@5.30 Think I'll just nurse the remainder until the schizophrenia settles down.

This one's burned me too many times now. I'm steering clear until it's over the 200 SMA.

Well, rained on the parade and the raging bulls whimpered off bleating. Closed all my long positions for a cumulative 2% hit. New Positions RIG Jun 85 puts BTO@7.20 QQQQ Jul 41 puts BTO@2.45 Both intended as very short term plays to (hopefully) cash in on the...

Thank you. Good to be back. This time around I'll try and stay on topic. :p

Two reasons - 1) His undeniable success 2) His passion for making movies Similarly George Lucas. Neither are a personal favourite, but perfect for illustrative purposes. Personally, I like Pedro Almodovar.

From here on in, will focus on verticals (credit & debit) and long puts/calls. Legging only for debit verticals. Trading equities, ETFs and indices. Various setups, last hour entries. Position risk 1-2%. Max hold < 7 weeks. Account size 30K. Exposure ~ 30% account value. Goal 10%/month...

I beg to differ. Take a moment to consider the movie industry. Onerous, cut-throat and fiercely competitive. Many directors would agree with that definition. Not Steven Spielberg. For him, movie-making is the expression of a far loftier ideal. Enriching lives with a sprinkle of...

Back from the dead... Quick update. After three months of diagonal calendar spreads I'm squarely at break-even. Despite a few setbacks, was doing reasonably well, up 15%, with the bulk of my account sequestered in long positions in AAPL, MRVL, OIH, JOYG. Then came the market...

As a practicing physician, I can confidently say that if you pursue medicine purely from a pecuniary point of view, you won't get very far. Most people don't realise what they really want out of life until their brightest opportunities have passed them by. Don't let that happen to you...