Tuesday July 12, 2011
Probably running up against the largest slump I’ve been in since I can remember. It’s part of trading but it sure isn’t fun.
Yesterday I failed to flip a few stocks successfully in chat and my COOL swing trade saw a 70k bid erased stopping me out there too.
Today I open with the same positions as yesterday.
75k XSNX at $.07, currently $.07, goal $.08-$.10, stop $.06. This was a bid buy.
10k PPRTF at $.60, currently $.59, goal $1.20, stop $.40. This was also a bid buy.
“FIRST OPTION TRADE with LUKE! Easy as pie. Was in chat, mirrored his IBM, ZAGG and AUQ option trades (probably less contracts though), & sold IBM just now for $670 profit off a $900 buy-in-premium! OMG! Thanks Luke!”