I never got rid of the my previously mentioned puts… They are not even near break-even now at $1.00. But indications are that I should repurchase them soon, just in case I did sell.

So what am I going to do? Buy more. Just a word of caution. Don’t do this. (Wish me luck)

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Quick Trading Update – 9/1/10

September 1, 2010

Just a real quick update on the puts I bought Monday.

I’m still in them. I had some problems with my trading platform and should have dumped them before now but I’m currently near break-even and my indicators are not saying that the Q’s are going to break above this level so I’m going to stay in them for a little while and see what develops.

Patrick

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Oh, shoot! and “Aaaragh!

August 31, 2010

I could have rebooted, checked my firewall, scanned for conflicts with the other software that was running, ran around yelling things like, “Oh, shoot!” and “Aaaragh!”. I could have and I did. And in the end…

Click to continue reading “Oh, shoot! and “Aaaragh!”

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Quick Update – 8/30/10

August 30, 2010

Here’s a quick update to today’s trading. Just an FYI.

I started today by watching the futures, which were up greatly over the weekend. When pre-market trading opened I was surprised to see that this was no longer the case. Since not everyone gets the news at the same time I suspected that the market could go up before coming back down. I watched using a 5-minute chart. My technical indicators showed me the proper entry time and they will also point the time out, which hasn’t happened yet. Below is the trade I entered.

587 08/30/10 10:14 AM BTO 100918P45 QQQQ SEPT PUT 45 200 $1.42 ($28,400.00) ($250.00) ($28,650.00) $294,477.50 14723.88%

Update: 3:10pm I decided, against my general trade rules to keep this trade on until tomorrow morning. Based on a daily chart my trade should be good until the market opens tomorrow. The put was worth $1.80 at the close which amounted to a 24%+ gain.

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Friday the 13 – Just A Slow Day At The Office

August 16, 2010

Friday was a pretty flat day. I still managed a small gain. I had a larger gain from an overnight trade but I want to just highlight the TTAM trades for the 13th…

OPEN – 08/13/10 12:18 PM BTO 100821C45 QQQQ AUG 44 CALL 200 $1.20 ($24,000.00) ($250.00) ($24,250.00) $249,055.00 12452.75%
CLOSE – 08/13/10 1:55 PM STC 100821C45 QQQQ AUG 44 CALL 200 $1.22 $24,400.00 ($250.00) $24,150.00 ($100.00) -0.42% $273,205.00 13660.25%

OPEN – 08/13/10 1:57 PM BTO 100821P45 QQQQ AUG 45 PUT 200 $0.63 ($12,600.00) ($250.00) ($12,850.00) $260,355.00 13017.75%
CLOSE – 08/13/10 3:59 PM STC 100821P45 QQQQ AUG 45 PUT 200 $0.73 $14,600.00 ($250.00) $14,350.00 $1,500.00 11.88% $274,705.00 13735.25%

These were the two round-trips that I participated in. Unedited and directly from my TTAM Trade book. The accented percentages are gains (in green) or losses (in red). The final two figure (in blue) is the dollar amount and then the percentage at the end of the day that the TTAM account is up from the original $2000.

August 18th will mark the 2 year anniversary of the Trading To A Million Portfolio. More to come on that.

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