Just a quick note about today’s trading.
I put a trade on just before the 11 o’clock hour and bailed at 3:00pm (ET). Managed a good profit even if I wasn’t in the morning rush. Since I bailed I noticed a marked effort to have the Dow ($DJI) close above the 10k level. It may or may not happen but I got out at the right time and I’ll give credit to a 5 minute chart and momentum for the pointer.
Below is the trade start to finish from the TTAM Trade Book. (second trade since 8/20/10)
583 08/26/10 10:55 AM BTO 100918P45 QQQQ SEPT PUT 45 200 $1.62 ($32,400.00) ($250.00) ($32,650.00) $274,077.50 13703.88%
584 08/26/10 3:00 PM STC 100918P45 QQQQ SEPT PUT 45 200 $1.95 $39,000.00 ($250.00) $38,750.00 $6,100.00 18.81% $312,827.50 15641.38%