It's more than 200 pips already (more than 4x last record of 48 pips). Yeah!
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Wednesday, November 14, 2007
200 pips already in GBP/USD
It's more than 200 pips already (more than 4x last record of 48 pips). Yeah!
More than 180 pips in GBP/USD
My GBP/USD position is still open since yesterday morning 10am. Current unrealised profit is more than 180 pips (already 3x my personal pip record for my forex trades!!!). Think I will be holding for another half to one day...
Tuesday, November 13, 2007
16 pips within 16 minutes!!
EUR/USD
Enter at 2.41pm: Long @ 1.4584
Exit at 2.56pm: 1.4602
16 Winning Pips within 16 minutes!!
p/s: Anyway, I'm still holding another GBP/USD position from 10am till now.
Enter at 2.41pm: Long @ 1.4584
Exit at 2.56pm: 1.4602
16 Winning Pips within 16 minutes!!
p/s: Anyway, I'm still holding another GBP/USD position from 10am till now.
M&A in a volatile market
The market was very volatile yesterday. It started slightly in the red, then green a bit, and then red again. By mid-day, Dow Jones was up more than 100 points. But, DJIA finally gave up the gains (ended 55 points compared to Friday close) and break through its 13,000 support level!
Anyway, the trades were all about IBM acquiring COGN for $5 billion. Typically (but not always) the acquired company will gain in stock value and the acquiring company will lose a bit. But apparently, acquiring COGN will bring in great values and investors see this and shoot up IBM stock price.
Another good example of a 'win-win' M&A (merger & acquisition) is the recent BHP Billiton (BHP) and Rio Tinto (RTP) one!
COGNOS (COGN)
Straight ITM Nov-07 52.5 Call
Entry 2,25 Exit 2.50 (11% profit)
Day trade based on TCT
INTERNATIONAL BUSINESS MACHINE (IBM)
Straight ITM Nov-07 100 Call
Entry 4.00 Exit 4.50 (12.5% profit)
Day trade based on my 'revised' TCT
Anyway, I lost US$700 (for 2 contracts) on my personal account for GOOGLE (GOOG), since it dropped more than 100 points over the past few days. Fortunately, I don't trade stocks (otherwise, 2 lots x 100 points loss = $20,000!!!).
Anyway, the trades were all about IBM acquiring COGN for $5 billion. Typically (but not always) the acquired company will gain in stock value and the acquiring company will lose a bit. But apparently, acquiring COGN will bring in great values and investors see this and shoot up IBM stock price.
Another good example of a 'win-win' M&A (merger & acquisition) is the recent BHP Billiton (BHP) and Rio Tinto (RTP) one!
COGNOS (COGN)
Straight ITM Nov-07 52.5 Call
Entry 2,25 Exit 2.50 (11% profit)
Day trade based on TCT
INTERNATIONAL BUSINESS MACHINE (IBM)
Straight ITM Nov-07 100 Call
Entry 4.00 Exit 4.50 (12.5% profit)
Day trade based on my 'revised' TCT
Anyway, I lost US$700 (for 2 contracts) on my personal account for GOOGLE (GOOG), since it dropped more than 100 points over the past few days. Fortunately, I don't trade stocks (otherwise, 2 lots x 100 points loss = $20,000!!!).
Sunday, November 11, 2007
Options Trading Championship 2007
Take a look at the CNBC report on the OTC2007 (yup, the one my team got 2nd!). You can also see our team photos at http://www.freely.com/options-trading-championship.html.
p/s: You can see me at -1:45 frame. Haha.
New RSS thingy!
I realised there is really a lot of stuffs in the blogging world. I have just added a RSS reader for people who want to stay updated with my postings.
Just click the orange button to subscribe by the side of this blog (below my photo) will do. Technology really connects!
Just click the orange button to subscribe by the side of this blog (below my photo) will do. Technology really connects!
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