Trading stocks is not easy. If it were, then everyone would be doing it. Since I am not able to monitor the market fulltime, my trading style is in a state of flux depending upon the current market conditions. For the past few months, my positions are very short term...3 days max...with very tight stops. I try to make entries/exits at certain moving averages and trendlines. My cardinal rule I try to follow (most of the time) is: Trading what you WANT the market to do, instead of what it IS doing is always dangerous. This blog is here to stimulate thought. Enter positions at your own risk.
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http://screencast.com/t/QapA2EpUIhy target is 50sma for the remainder 1/3 of puts for the record, last week, i bought AAPL Sept 175 puts APVUO @ 6.4. today, sold 1/3 @ 7.3 another 1/3 @ 8.0 i'll be hawking Sept 175 calls once i close the puts. all...
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Sitting on support after bouncing from descending trendline. A close above trendline may suggest a visit to June highs. If breach 8/22 low, may suggest a visit to 50sma.
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Got stopped out of my Sept 180 calls this morning. I entered the trade yesterday expecting the start of a new leg up to test August highs. However, today's gap down could mean a visit to the daily 50sma @ 170.22. I redrew chart. Note new trendline...
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