Thuesday the hard way, 13 March 2007, Moon in Capricorn

New watchlist additions
TSO - Tesoro
TTC-A long: (none)
GAPHV long: (none)
MACDV long: ESRX, BEN

Trade session notes
Quite eminent is the fact that I did not make a good exit rule for my TuTo trades. Also, trailing stops only work fine in a really liquid market and finally. There should 1st be a hard stop, and if the trade goes my way then a trailing stop my be done.
Was only concentrating on the right time closing of my CAT Put trade. I screwed it. Thus, I finally had the thought of staying on the sideline for the rest of the week. That will be scattered with a National holiday (15 March). So, good bye for now.

Open positions at market close 12 March

.ACLEG

ACL MAY 135 Call

$3.2

($200.00)

.CATOM

CAT MAR 65 Put

$0.89

($147.00)