Tuesday, July 15, 2008

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

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