Friday, which way?
General notes
Today the first quarter is closing. Thus, I feel it will give a fore-feeling into what will be the main theme for the coming weeks.
Watchlist additions and filtered trade candidates
IPS - Ipsco Inc. -
TTC-A & GAPHV: (none)
MACDV: CEO
Trade session notes
Nikkei...17287.65...+23.71...+0.1%.
Hang Seng...19800.93...-20.85...-0.1%.
FTSE...6304.20...-20.00...-0.3%.
DAX...6901.65...+4.57...+0.1%.
Not sure it will be easy to figure out (at least from the international markets' trends) which direction I can trade. Only Tuto trades will be considered. Crude was up at $66 in the early morning.
9:27:37 AM ET First thing I did was to lock in some profit, from my yesterday trade (KLAC Apr 52.5 Call), so I sold 3 contracts, as I have already planned yesterday (with a limit order, that I could not set).
At 11:38:44 AM ET I have gone long with MRO (against the market, that is not fully sane since the whole energy sector is down, despite the raised crude prices) APR 100 Call at $2.7 market. Based on a Tuto Long trigger (3 day, 30 min chart). Only one thing I forgot is the IBD volume to average check.
Again I was tricked by the trade setting as the price slid under my hard stop (how on earth this could happen? I really hope for Optionsxpress.com's sake, albeit this is just the virtual trading platform! The other thing I was thinking of was that maybe the hard stop was not set to be triggered by the bid price, only on last.
I have decided to close out my two remaining KLAC contract at $2.05 each, even though it will probably stay in my virtual portfolio. Good ol' paper trading is back!
The MRO hard stop was filled @ $2.35 at 11:41 A.M. ET. A Loss but at least a controlled one. Enjoy the weekend folks!
Open positions at market close 29 March 2007
| .ACLEG | ACL MAY 135 Call | $132.39 | $3.9 | ($60.00) |
| .KCQDX | KLAC APR 52.5 Call | $53.47 | $2.15 | $200.00 |
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