7/22 Day Trades - GS, ENER, BAC

As expected, the market opened up very weak following yesterday's slew of disappointing tech earnings. However, it wasn't long before buyers came right back in. If you were nimble enough to buy the weakness, you were very handsomelly rewarded at the close. I took the following trades:

BAC - I bought these calls for both a daytrade and swingtrade. Again, a nice narrow range offering a low-risk entry. As you'll see, I anticipated the break-out too early and my daytrade got stopped out. Jamie from Wall St. Warrior likes to enter following a hammer that flushes out the weak hands prior to the break-out. I was the weak hand for this position today...
Bought @ 30.10, Aug 25 Call
Risk @ 29.90
Sold @ 29.90
Loss - $0.30 on the Calls - I was holding 50 Calls thereby leaving $10k+ on the table. Damn, I thought I could catch Trader Stewie with this one! :)

On a brighter note...I also doubled-up on my Aug 30 swing trade position planning to hold overnight but sold on the strength at the close:
Bought @ 30.10, Aug 30 Call
Risk @ 29.90
Sold @ 32.50
Profit - 1.45 on the calls

ENER - A semi-hat-tip to the traders at Wallstreak.com. I entered on the break of the opening range low (66.00) but the stock found support at 65.00 with the reversal hammer so I tightened up my stop and took a loss:
Bought @ 66.00, Aug 85 Put
Risk @ 66.50
Sold @ 66.10
Loss - $0.20 on puts

GS - I found a semi-low risk entry on the break of $183.50:
Bought @ 183.50, Aug 160 Calls
Risk @ 181.90
Sold @ 187.00
Profit - $3.00 on calls

07/15 Day/Swing Trades

Markets were very volatile today, even going positive at one point. I'm still mainly in daytrading mode as there is too much risk to hold overnight. I daytraded GS, BIDU and GOOG with low-risk entries using the 1-min chart. I also got stopped out my DRYS swingtrade for a minor loss but will re-enter on the next dip.

GOOG

Bought @ $505.00 w/ Jul 430 Calls
Initial stop @ 503.50
Sold @ 522.00
Profit = $15.00 on Calls

BIDU

Bought @ $288.00 w/ Jul 220 Calls
Initial stop @ 286.00
Sold @ 288.00
Profit = $0.00 on Calls

GS

1st Daytrade

Bought @ $155.50 w/ Jul 120 Calls

Initial stop @ $154.00

Sold @ $160.00

Profit = $5.00 on Calls

2nd Daytrade

Bought @ $161.50 w/ Jul 120 Calls
Initial stop @ $160.00
Sold @ $161.30
Profit = $0.20 on Calls