A Tycoon's Trading Diary

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

Thursday, March 29, 2007

Thursday, will it be the day?

Watchlist additions and filtered trade candidates
Neither watchlist addition, nor TTC-A, GAPHV or MACDV trade candidates found today.

Trade session notes
Nikkei...17263.94...+9.21...+0.1%.
Hang Seng...19821.78...+267.91...+1.4%.
FTSE...6303.00...+35.80...+0.6%.
DAX
...6868.62...+51.73...+0.8%.
Will it be the day of rally cancelling or follow through reinforcing? Light Crude was down under $64 with a few cents. This might signal an up-day, at least at open.
9:55:11 AM ET. Markets up and only 4 issues declining on my Above 20 day SMA sub-watchlist. The only spot on the bride's face is that all 4 issues are from the same sector and encounters heavy selling (institutional investors getting off the board). Probably, the natural gas reserve reading will help to see if the markets can hold above the line during the trading day.
12:01:25 PM ET Sent a market order for 5 KLAC Apr 52.5 Call (filled at $1.75). Then set a hard stop order for $1.55. Then a OTO order as follows: sell 3 @ limit $2.1 each then set a stop order for the last 2 contract @ $2.1.

Open positions at market close 28 March 2007:

.ACLEG ACL MAY 135 Call $131.87


$3.7
($100.00)