How 'bout that stock market?

[da3dalus]

Just initiated a position in the gbpusd on a longer term swing play @ 1.9795, stop at 1.9717, target is 2.0236.

As for the redemption in the ES... nothing so far today... just sitting and waiting for a potential setup. Maybe there will be one, maybe not. Either way, my rules are strict and going to be followed to a T.

Good luck with the rest of the day folks!

 

[Ryanmcd2]

Just initiated a position in the gbpusd on a longer term swing play @ 1.9795, stop at 1.9717, target is 2.0236.

As for the redemption in the ES... nothing so far today... just sitting and waiting for a potential setup. Maybe there will be one, maybe not. Either way, my rules are strict and going to be followed to a T.

Good luck with the rest of the day folks!

Looks good nice support @ .9740

 

[da3dalus]

+287/contract on one trade so far... letting the lunch time mess have fun without me. I traded my rules, and whadaya know... it worked exactly as I had designed it to! Cheers...

Looks good nice support @ .9740

Get in on it ryan... ALL THE COOL PEOPLE ARE DOING IT!!!

 

[Ryanmcd2]

+287/contract on one trade so far... letting the lunch time mess have fun without me. I traded my rules, and whadaya know... it worked exactly as I had designed it to! Cheers...




Get in on it ryan... ALL THE COOL PEOPLE ARE DOING IT!!!

How did you make +287 when it moved about 40 pips?

 

[RPM217]

Sold the C @ the day's high of 21.97. That was lucky.

A wise man once said: "I'd rather be lucky than smart!"

 

[da3dalus]

How did you make +287 when it moved about 40 pips?

no no no... I'm up 287.00/contract in the S&P500... i'm sitting at like +33 on the gbpusd trade...

 

[SilverStone05]

back even on bidu, STEVE....i need a rally into the close to make some jack!
let's pray!!:smile:

edit...up a buck!

 

[Ryanmcd2]

Remeber market closed tomorrow.

 

[da3dalus]

FX is open tomorrow isn't it?

 

[Ryanmcd2]

FX is open tomorrow isn't it?

Yes I think so, prob going to be very light.

 

[steveny]

Remeber market closed tomorrow.

You know I knew this too and I FORGOT to buy back the covered calls in my IRA. PHUCK!!! Some of it will get swept for sure. Oh well I guess I can buy it back and roll out April. I knew the market wasn't open tomorrow too. Just wasn't thinking.

Anyways....I made some really good money today selling the BIDU calls throughout the day and buying them back. Finally... I rolled out the April 230's for 11.30 each. I hope that it holds 200.

 

[steveny]

Tomorrow is my birthday so I had them close the market down so I can get a day off, (clears throat):biggrin:

 

[RPM217]

Tomorrow is my birthday so I had them close the market down so I can get a day off, (clears throat):biggrin:

Happy Birthday Steve, you know that I was the one that arranged this for you!!!

 

[SilverStone05]

Happy birthday Steve. Next week should bring some nice gains.

Ha..your broker lets you write options within your IRA? Must be covered, correct?

I dont' even think Ameritrade lets you do that.

 

[Dtrigg]

Happy birthday Steve. Next week should bring some nice gains.

Ha..your broker lets you write options within your IRA? Must be covered, correct?

I dont' even think Ameritrade lets you do that.

I've written covered calls within my IRA for years.

 

[SilverStone05]

Pocketed 10K...but left 30K on the table.
BAH.

Repeat after me....
"You don't go broke making a profit.....You don't go broke making a profit...."

 

[da3dalus]

Weak Sauce silverstone!!!

I missed out on a nice trade this morning because I have friggin morning classes on mon and wed... fricking college is costing me money!

Took another entry a couple minutes ago, got low ticked out at par before it went up to my target profit.... boooo hisss... To be exactly right and get ticked out on a move is frustrating. But thats trading!

 

[steveny]

Pocketed 10K...but left 30K on the table.
BAH.

Repeat after me....
"You don't go broke making a profit.....You don't go broke making a profit...."

I am still sitting on my 4k at 223. Looking good although I have sold covered calls on it. :wink: :biggrin: If it holds above 230 until april expiration BAAAHHAAAA
The calls have slowed down a bit so I moght buy them back and close the postion in the next few days.

 

[SilverStone05]

Buy back those calls, Steve. And dump your TMA today. I did.

 

[steveny]

Buy back those calls, Steve. And dump your TMA today. I did.

You think Bidu is headed higher from here?

I just saw some good news on TMA.

 

[SilverStone05]

You think Bidu is headed higher from here?

I just saw some good news on TMA.

Yes and yes. I'll start building a short position in the mid 260's again.

 

[SilverStone05]

Just had to, Steve. :wink:

 

[docjohn]

You guys sure make this look complicated,all I did was buy bsc at 6 and sold at 12 all in the span of 36 hrs:wink: Of course that small victory does'nt make up for all the losers I held and winners I sold too early:redface:

 

[SilverStone05]

Ugh...and this order was fat finger...I wanted to put in an order to buy more at 228.5....but typed in 238.50. Executed and I dumped it real quick. Still made a few bucks. Pure dumb luck. :wink:

 

[da3dalus]

ES = craptastic tape this morning. Hope your gents equities of choice are trading smoother!