Vertical Spreads for Aggressive Growth
- Thread starter Cache Landing
- Start date
Today's Action
STO 3 SPX MAY 1340/1350 c @ 1.10
Year to Date P/L
Account Value: $12,447.50
YTD Gross P/L: 2,725.00
YTD Commiss: 277.50
YTD Net P/L: 2,447.50
YTD % P/L: 24.5%
STO 3 SPX MAY 1340/1350 c @ 1.10
Year to Date P/L
Account Value: $12,447.50
YTD Gross P/L: 2,725.00
YTD Commiss: 277.50
YTD Net P/L: 2,447.50
YTD % P/L: 24.5%
Unfortunately, I had other things clammering for my attention this morning and I missed the boat on AAPL. 
Really a bad day for me all around. Both DNA and BAC are moving against me hard also. I'll be looking for a good exit/adjustment in both during the next couple days.
Really a bad day for me all around. Both DNA and BAC are moving against me hard also. I'll be looking for a good exit/adjustment in both during the next couple days.
In retrospect, BAC was a textbook example of FTP (flat top penant) ...
I didn't follow NTRI, but in retrospect two days ago it showed a textbook momentum long entry, and now it is up more than 30%. Anyway I wouldn't have played it because it was before an earnings announcement.
HPQ exhibited today (like yesterday) typical accumulation patterns, and today showed how tight stops are harvested by smart money.
Conclusion for tomorrow? None! Same textbooks could be proved wrong tomorrow.
Long term? I believe that there are good textbooks, but you have to find them, read them, and understand them well.
Good luck! (an essential ingredient for success)
I didn't follow NTRI, but in retrospect two days ago it showed a textbook momentum long entry, and now it is up more than 30%. Anyway I wouldn't have played it because it was before an earnings announcement.
HPQ exhibited today (like yesterday) typical accumulation patterns, and today showed how tight stops are harvested by smart money.
Conclusion for tomorrow? None! Same textbooks could be proved wrong tomorrow.
Long term? I believe that there are good textbooks, but you have to find them, read them, and understand them well.
Good luck! (an essential ingredient for success)
Quote from Cache Landing:
Unfortunately, I had other things clammering for my attention this morning and I missed the boat on AAPL.
Really a bad day for me all around. Both DNA and BAC are moving against me hard also. I'll be looking for a good exit/adjustment in both during the next couple days.
It should find support around 40. If it starts to show signs that it will find support, I think I might even open a small position.
In any case, that is a pretty good credit.
Quote from Cache Landing:
It should find support around 40. If it starts to show signs that it will find support, I think I might even open a small position.
In any case, that is a pretty good credit.
40 should be pretty solid as is the beginning of the gap and the lower support line on the descending triangle.
I usually wait for a reversal but in this case i think i will probably miss it if i wait as BRCM is pretty swift. Also, its down almost 20% over the last 5 trading sessions. If tech rebounds, BRCM should easily jump and rebound nicely. If not, i think closing near breakeven in a week or so wont be an issue at all.
Given the close today, I think I might be looking to get in tomorrow morning.