A Tycoon's Trading Diary

True story of the making of a tycoon. Options trading, trading systems, wealth, money management...

Friday, February 23, 2007

Moon in Taurus, Friday of Venus!

All should be for a positive day - although I should check how Moon relates to Venus and how Venus and the 2nd House is :)...

New watchlist entries
Volvo (VOLV)

New trade candidates
TTC-A: (none where found, albeit the automatic scan found 5 all of them where trending down)
MACD: AAPL, CHL
GAPH: ALB

Trading session
LM Call was closed out with a 50% profit, by the 5% trailing stop. Still I would like to know more about how trailing stops work, as it was closed out at $4.8 per option, while the last and only deal was at $5.1. Strange, but this is only virtual trade and still I made more than 400 bucks in just about a week time.
Otherwise markets where still tumbling, no clear direction, thus I preferred to stay on the sideline.

Open positions at market close 22 February 2007:
.ACLEG ACL MAY 135 Call


$3.50
($140.0)
.LMEB LM MAY 110 Call


$5.50
$690.0
.VIQDR VIP APR 90 Call


$3.00
($340.0)

Enjoy the weekend folks!