Friday, July 14, 2006
Another £1,000 Yesterday!
I mentioned in the last post that I am using a mechanism to generate cash, and that it made me £1,000 the other day. Well, it did the same again yesterday, and I'm delighted! Now, early on in this blog I took you though the main methods I use to trade and make money - but I deliberately didn't...
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Wednesday, July 12, 2006
Wednesday Update
Well, we got into those two option trades I flagged up last post, at slightly better prices as the market was up a bit on Monday. One slight spanner in the works was that, over the weekend, Too, Inc. (TOO) changed it's name and ticker symbol to Tween Brands (TWB). That gave my broker a headache for...
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Monday, July 10, 2006
NEW TRADES COMING TODAY!!
I've had a bit of a smile on my face over the weekend, for a change! My short US$ / JPY trade is finally showing a healthy profit of 120 pips. My long position in September cocoa is looking good too, with an open gain right now of 200 pips. These are not as healthy in cash terms as they might have...
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Friday, July 7, 2006
A FRIDAY UPDATE
Four posts back I talked about getting into September cocoa. Well, that trade is going pretty well right now. I bought at 1,534, and it's now trading 1,705. That's an open profit of 171 pips - and counting! In terms of trade management, as soon as the market climbed high enough I moved my stop loss...
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Friday, June 30, 2006
WHAT A ROLLERCOASTER!
Well it's been far from smooth since that lot of covered call trades! My tight stop in the NETL got triggered the ame day. I put in a buy order at around $30 to make sure I didn't stay naked for long, and that got triggered the same day, too, along with my next tight sell order! I'm now back in for...
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Wednesday, June 28, 2006
Writing More Calls - 25 Days to Expiry!
We've been active again today, after a few days away from my desk! I have... BOUGHT 400 Titanium Metals (TIE) @ $31.31 BOUGHT 400 NetLogic Microsystems (NETL) @ $29.95 BOUGHT 800 Qiao Xing Telephone (XING) @ $11.93 So we spent a total of $34,048 on stock. We then... SOLD 4 TIE July 30 calls @ $3.00...
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Wednesday, June 21, 2006
Option Profits - And We're Now Short the $ Again!
Well, we've had some activity over the last day or so, so let's get a catch-up. Yesterday, I went in and... SOLD 3 Digital River Sept 40 puts @ $3.70, a 30% profit SOLD 6 Hershey August 55 puts @ $1.65, a 13.5% profit And I'm tempted to sell my Group 1 Automotive puts, too, which are showing a 58%...
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Thursday, June 15, 2006
WE'RE INTO COCOA!
Well, this trade has been a while in coming, but I've just been waiting for the right set-up in the graph, and for the open interest numbers to start rising again. Open interest is the number of contracts out in the market. Below a certain level, it's a bit thin and speculative, but once that starts...
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Wednesday, June 14, 2006
THE SUMMER DOLDRUMS?
The markets are having a funny old time of it at the moment, and I'm finding it all a bit tricky. The stock markets are tumbling now on a regular basis. As I said in a recent reply to slam, there are jitters around inflation, around Iran, Iraq, and from a technical viewpoint, the recent bull run...
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Saturday, June 10, 2006
Weekend Update
That euro flag never really did what I expected it to, so I didn't trade yesterday. I got stopped out of the NZ $ trade for a small loss, which was a bit aggravating. I also got stopped out of my two energy sector call option positions, in Kerr-McGee and Valero Energy, but in the recent stock market...
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