Making $5K with $20K each month

It is good to ring cash register every day.

I went long QLD and sold @92.03 now long QID from 47.37 I use trailing stops, my stop is now @ 47.50, Off course if system say sell I would not wait for stop to be hit.

Reason to go long was previous low is 47.27 and break of cci to below 100.

Good luck.

Farooq
 
I made one trade on QID and scalped 0.09 a few minutes ago and made $90 (1K shares) . Not quite used to trade these very fast moving stocks. Is it the way you guys scalp? How logn do you usually hold? Based on 30 minutes chart?

Also made some quick trades on ASF calls/puts.

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Quote from mfarooq:

It is good to ring cash register every day.

I went long QLD and sold @92.03 now long QID from 47.37 I use trailing stops, my stop is now @ 47.50, Off course if system say sell I would not wait for stop to be hit.

Reason to go long was previous low is 47.27 and break of cci to below 100.

Good luck.

Farooq
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I tried to short ASF, for some reason, they just won't execute my orders. I guess I've to wait for uptick for NYSE stocks, then I bought some puts. I was the lone ASF $40 buyer and seller :-), I filled 3 on ask. These puts have no premium. I bought at $4 when ASF was at $26.10, I had the sell order sat at $4.60 and $4.70 ask with no takers. I sold on bid at $4.4 bid, smal profits for 3 puts, but will take it.

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Looks like you made a very good trade here on the hold. Congrats!


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Quote from mfarooq:

It is good to ring cash register every day.

I went long QLD and sold @92.03 now long QID from 47.37 I use trailing stops, my stop is now @ 47.50, Off course if system say sell I would not wait for stop to be hit.

Reason to go long was previous low is 47.27 and break of cci to below 100.

Good luck.

Farooq
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These May options are more active. I bought June calls, my initial goal was to hold these calls over the FDA decision. The spread is a little big (0.20), the gains are not that great but more smooth.



Quote from gaj:

how are the options best trading smoothly on DNDN? i'm thinking of buying puts if the stock goes up hard beforehand, but last time i traded, the ITM puts were much less active (and therefore had larger spreads) than the wacky OTM ones.
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SCEY $2.25. Very decent volume, 3.2 mil shares traded. Most shares were bought above $2.10 price. It should have a decent price base. Every dip is being bought up. I'll hold this as planned, could turn to be a nice one in the short-term.


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Quote from PennyTrader:

SCEY $2.10-2.14, I think this is a new IPO out today, it has almost 2 million shares traded. I will hold this for a few days.
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