Wednesday, October 5, 2011

Wednesday, October 5, 2011

Hi Everyone....

Today was a tough one for me.  Kids are home and I can't always be around for trading.  I did make some time, but was distracted and made some mistakes.  Didn't move up my stops, so I left a lot of money on the table.  My favorite stock, BIDU, was strong and even closed at hod of 111.23, but I wasn't even in.  That's the way trading goes sometimes.....

Market was a yo-yo today.  Up....down....up....down.  Then it got fresh legs at the end and the bulls ran it to close at +131.24.  Another nice green day.

Now to the trades:

APKT short 35.95/35.65 x 500 = -150
BIDU stopped 107.22/106.86 x 500 = -180
BIDU 104.58/105.58 x 500 = +500
BIDU stopped 106.37/106.07 x 500 = -150
BIDU stopped 107.50/107.20 x 500 = -180
BIDU 108.60/109.90 x 500 = +650
BIDU 108.58/109.35 x 500 = +385

Total = $875

Monday = $1,860
Tuesday = $6,185

Options:  Bought the following:

RIMM w $25 call .49 - down $214.60 <------- it hit .70, but I didn't know and didn't sell....yuck!
BIDU w $110 call 1.70 - up $964.20

I will take care of both tomorrow.

That's all I have today.  Hope everyone had a good trading day!

sdh

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