I compensated myself with 3 winning forex trades:
1. USD/CHF - Short @ 1.1559, close @ 1.1551 (8 pips)
2. EUR/USD - Long @ 1.4361, close @ 1.4380 (19 pips)
3. GBP/USD - Long @ 1.9835, close @ 1.9863 (28 pips)
If you are interested to find our more about me, Forex Trading or my Forex Asia Academy, let me welcome you to my complimentary Forex session. Please feel free to visit my corporate website to find out more. Get in touch with you real soon!
Showing posts with label gap. Show all posts
Showing posts with label gap. Show all posts
Saturday, December 22, 2007
3 FX wins - 56 pips in total
Yesterday night, I didn't manage to wake up to play gapping my favourite ticker (RIMM). RIMM shot up almost $15 after another fabulous quarter.
Sunday, October 28, 2007
After a $20+ gap for a $100 stock...
Decker Outdoors (DECK)
Straight ITM Nov-07 140 Call
Entry 8.30 Exit 9.50 (14.5% profit)
Day trade on Friday 26-Oct based on TCT
p/s: DECK gapped up more than $20+ after beating earnings by 20+ cents.
Straight ITM Nov-07 140 Call
Entry 8.30 Exit 9.50 (14.5% profit)
Day trade on Friday 26-Oct based on TCT
p/s: DECK gapped up more than $20+ after beating earnings by 20+ cents.
Tuesday, October 9, 2007
My first Google (GOOG)!
At the opening bell, I decided to get into Google (GOOG) today for one stupid reason! I think it will top the $600 mark today!
Indeed, it passed $600 mark before I switched on my laptop at 10.30pm (or 10.30am ET). I decided to buy an October 620 Call option (2 steps out-of-the-money) at when the stock price was slightly below $599 and it cost me $8.30.
With a opening bell gap up of $0.95 and fulfilment of The Chicago Trick slightly at around 1.30pm ET, I continue to hold when GOOG hit new high at 602.41, 602.90, 603.41 then 603.9496.
Time to go to sleep! At $603.51, I sold the position at $9.80 made a $150 profit (18% profit for my first GOOGLE!). GOOG continued to rally to the $609 region and the option i trade hit around $12.50 bid price.
Indeed, it passed $600 mark before I switched on my laptop at 10.30pm (or 10.30am ET). I decided to buy an October 620 Call option (2 steps out-of-the-money) at when the stock price was slightly below $599 and it cost me $8.30.
With a opening bell gap up of $0.95 and fulfilment of The Chicago Trick slightly at around 1.30pm ET, I continue to hold when GOOG hit new high at 602.41, 602.90, 603.41 then 603.9496.
Time to go to sleep! At $603.51, I sold the position at $9.80 made a $150 profit (18% profit for my first GOOGLE!). GOOG continued to rally to the $609 region and the option i trade hit around $12.50 bid price.
Wednesday, September 19, 2007
First Straddle Win!
During the recent moody subprime happening, financial companies like Lehman Brothers (LEH), Morgan Stanley (MS), Goldman Sach (GS) and Bear Sterns (BSC) are expected to swing their stock price violently when they announce their quartetly earning report face-to-back this week.
Anticipating the swing of the stock price of Lehman Brothers (LEH) on Monday night, I entered the Straddle trade on Sep 60 Call ($1.90) and Put ($3.20). LEH announced their earning on Tuesday before market open and open with a gap up of $1.36. But surprisingly, both call and put options depreciated in value (call $1.55 and put $2.00) when market opened on Tuesday morning.
But I closed the put option when I see a steady rise in the stock price at $1.20 (ya, a loss of $2.00). And the great news was definitely the announcement by Fed chief to reduce rate at 2.15pm ET and the stock continued to rally more than $5 from previous close. At around 3.40pm ET, I closed the call option at $4.60 before market close.
No doubt the put option loses $2.00 of my bought value, it was the call option that brought me the glory by rising $2.70 in value! This resulted in a $0.70 profit (13.7% out of $5.10 that cost me on Monday).
Using Straddle strategy, it was the 'insurance' that I can profit no matter which direction the swing of the stock price.
Great! My first Straddle and first Straddle win!
Anticipating the swing of the stock price of Lehman Brothers (LEH) on Monday night, I entered the Straddle trade on Sep 60 Call ($1.90) and Put ($3.20). LEH announced their earning on Tuesday before market open and open with a gap up of $1.36. But surprisingly, both call and put options depreciated in value (call $1.55 and put $2.00) when market opened on Tuesday morning.
But I closed the put option when I see a steady rise in the stock price at $1.20 (ya, a loss of $2.00). And the great news was definitely the announcement by Fed chief to reduce rate at 2.15pm ET and the stock continued to rally more than $5 from previous close. At around 3.40pm ET, I closed the call option at $4.60 before market close.
No doubt the put option loses $2.00 of my bought value, it was the call option that brought me the glory by rising $2.70 in value! This resulted in a $0.70 profit (13.7% out of $5.10 that cost me on Monday).
Using Straddle strategy, it was the 'insurance' that I can profit no matter which direction the swing of the stock price.
Great! My first Straddle and first Straddle win!
Subscribe to:
Posts (Atom)
