Tuesday, October 4, 2011

Tuesday, October 4, 2011

Hi everyone....

Markets have been rough lately.  Just have to try and play what you see moving and day trade.  No holds.  The news today is Big Ben.  He spoke at 10 a.m. ET and the markets were down almost -300 points.  Market tried to recover and went to -48, but bears appeared and took it down -200.  Then in the last 45 minutes of trading.....the bulls jumped in and the market ended +153 green!  Wow....what a rush!

Now let's talk trades.......traded my brains out again and ran smack into lucky:

BIDU 104.15/105.90 x 500 = +875
RIMM 21.72/22.22 x 500 = +250
TNA 26.96/26.76 stopped x 500 = -100
TNA 26.75/27.55 x 500 = +400
BIDU 103.14/102.94 stopped x 500 = -100
BIDU 103.27/109.00 x 500 = +2,865
TNA 27.70/29.60 x 500 = +950
BIDU 107.33/109.00 x 500 = $835
MELA 5.45/5.43 x 500 = -10 <--- actually went to 6.07.....rats!
BIDU 105.52/105.32 stopped x 500 = -100
TNA 28.64/28.44 stopped x 500 = -100
BIDU 104.84/104.64 stopped x 500 = -100
BIDU 108.50/109.54 x 500 = +520 <----- missed the huge swing!

Total = $6,185

Monday = $1,860

Options:  Watched the SPY options throughout the day.  Saw the volume come in on SPY w 110 calls at 1.13.  That option soared to end at 3.75!  Unreal.  Did it really do that you say?  Yes, it really did that!  Playing for real from now on!

Will not be able to trade much if at all the rest of the week because the kids are out of school for Fall break.

Take care everyone.

sdh

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