A Tycoon's Trading Diary

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

Friday, July 13, 2007

The Friday that will change my world

General notes
As you would guess from the title I have funded my account, thus with certain trading templates I can go live as of today. A small step for me but a huge for my future self ;)...

Filtered Trade Candidates for the Day

GAPHV: PCAR (GAPHV 4 bars ago, retracing on light volume, target at $98,4)
PATTERNS:
CAT (
had a TTC-A call possible entry signal that I did not take, and has cleared a 3-4 weeks buy point + just gapped high on volume, target at $87,7)

Trade Session Notes
Nikkei...18238.95...+254.81...+1.4%.
Hang Seng
...23099.29...+290.27...+1.3%.
FTSE...6719.80...+22.10...+0.3%.
DAX
...6126.49...+23.44...+0.4%.

8:59:18 AM MO: mixed
CBOE VIX 15.42-0.12
Market Adv Decl Unch
Nasdaq 1,825 2,929 249
NYSE 1,021 1,644 162

10:54:10 AM MS: Getting Bullish (following VIX)
CBOE VIX 15.11-0.43
Market Adv Decl Unch
Nasdaq 2,443 2,818 250
NYSE 1,380 1,425 134

11:24:40 AM MS: bullish
CBOE VIX 15.14-0.40
Market Adv Decl Unch
Nasdaq 2,443 2,910 296
NYSE 1,329 1,537 126

11:54:49 AM MS: bullish but slid to neutral
CBOE VIX 15.26-0.28
Market Adv Decl Unch
Nasdaq 2,376 3,098 273
NYSE 1,252 1,658 113

12:55:23 PM MS: mixed (VIX bullish, A/D issues bearish)
CBOE VIX 15.17-0.37
Market Adv Decl Unch
Nasdaq 2,400 3,239 274
NYSE 1,253 1,662 136

1:51:28 PM MS: mixed but VIC getting better
CBOE VIX 15.08-0.46
Market Adv Decl Unch
Nasdaq 2,619 3,136 260
NYSE 1,364 1,602 115

2:23:55 PM MS: getting bullish
CBOE VIX 15.06-0.48
Market Adv Decl Unch
Nasdaq 2,705 3,101 265
NYSE 1,398 1,572 124

2:27:34 PM First ever live option trade!!! PCAR 2007 NOV 100 Call (1 contract at $4.5 limit) day order - as it did not let me open a market order due to margin needed to secure a fill.

Also, I have closed out my remaining SNDK put contract as I had to have one more place on board (see total 5 trades open at any time at max, rule against over trading).

3:00:14 PM MS: Bullish
CBOE VIX 14.84-0.70
Market Adv Decl Unch
Nasdaq 2,940 2,948 244
NYSE 1,587 1,392 132

Open Trades as of EOD 12 July
.BHPKM BHP NOV 65 Call $68.62 $7.6 $360.00
Notes Exit point of second hafl if W%R dips under -20.
.CDMIC CMI SEP 115 Call $115.44 $8.53 $23.00
.UPUGR CTSH JUL 90 Call $86.44 $0.35 ($525.00)
Notes Break even at $4.55. Time close at 22 June, Friday. Loosing trade!
.SWQSV SNDK JUL 42.5 Put $54.43 $0.03 ($454.00)
Notes Complete looser part!!!
.TEXJS TEX OCT 95 Call $93.26 $7.1 $50.00