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- $907 My intraday margin was tied up in my overnights. Covered partial APOL for a loss to free up some capital, with which I did not profit. Fortunately the remaining APOL position is at a much higher basis. Still holding CECO as well. +$2066 week +$3231 month

Thx! Tomorrow will tell the tale :eek:

Ben, buying options in front of earnings is risky and expensive. Just my 2 cents. You say you are a newbie, so let me tell you just one of many similar earnings stories: 8/11: FLR, after having dropped from 101 in early summer to 76 the day before earnings, reports triple play earnings -...

Hugh, I hope you took some profits up there around 9.40! I covered my short @ 8.18 this morning because it looked very oversold and due for a second wind. Take what it gives you, because this quarter is not a strong one for HOTT.

+ $462 Shorted WYE @ 37.61 targeting retest of yesterday’s low. Tripled the position @ 37.95 for avg price 37.84, target 50% retracement of range. It showed strength and stagnated close to my target, so I finally covered @ 37.78, tired of watching it stagnate. It immediately tanked hard the...

+ $462 Holding unrealized losses on two short positions, left enough money on the table today to more than cover those unrealized losses, so tomorrow I will find that table and cover those shorts with the money I left there :cool:

Bos, yes that makes perfect sense now that you explained your entry was late. The red candle with the lower high was green at first and retraced all of its gains, so that was a great short signal. As for triangles, I need to learn some geometry now, ha!

Bos, thank you! Question: what was your rationale for the MOS short? I was really intrigued, because it turned out to be a good short entry, but you shorted not far from the initial LOD and I thought it should retest that level first, which it did and it broke down nicely. But I would not...

Short puts are considered naked if you don't have the cash to purchase the position if assigned.

Cash secured puts are not naked puts and any broker allows you to do this because you've secured your potential assignment with cash.

(Thanks, mapa!) +$608 Lowered my cover target on HOTT swing trade from 8.08 to 7.88. Shorted CECO @ 19.50 because a) it looked very weak on Level II and b) was more than happy to add to it should it run against me. Covered @ 19.25 oversold for a quick $250 gain. Shorted CECO again @...

+ $608 Sadly, I cannot support any traders today because although I left some $$ on the table, not really all that much for a change (unless you count trades I thought about and did not put on; in that case I could support everyone). (cm, green P/Ls are never depressing :cool:)

Oh please, GE can only go to 0, it's not the end of the world.:p

Strong trade and I almost did that myself today.

Thanks Hermit :) BTW, 1R is my trading guru. He sits high on a pedestal among the .0000001% of traders who can swing a $38K loss to nearly break even in one day. I believe I only shorted a stock ONCE before I met him here at ET, and never in my wildest trading dreams (and they are wild, I...

+ $1200 APOL selling off in pre-market @ 86.11, drops hard on open, bounces hard, then retests the initial LOD and breaks down hard. I cover @ 85.01 on the pivot off 84.85, because it’s hugely oversold and 85 will be the nice round number bounce, which it is. Nice to start the day with a...

+$1200 Left enough money on the table to support Hermit, 1R and Red_Ink (if you've seen his posts he's not cheap to support) :p

EHarmony Rejection Notice

+ $702 FFIV was weak this morning so I targeted closer to Friday’s low for a cover target and covered on the pivot off 23.70 for a $380 gain. Oh, the $$ left behind on this one… Shorted APOL @ 86.23, trailed a stop to 85.80, which was filled with slippage @ 85.88 on a very hard bounce...

+ $702 Still able to support 2 traders with the money I am not taking off my trades :eek: Blotter was over 3 pages because I had many trades and they got broken up into many small lots, so not posting that whole mess, just the P/L. (Thanks, Boston. Just don't follow me into trouble :p)