Bought QQQ CO (March 41 Calls) for $0.70. RSI 5 is calling to go long the Q's. RSI -5 below 20.
Trader Tyler
A trading journal site following the in's and out's of the trading day through my eyes. Market sense and commentary. In no way should this be interpreted as a site for recommendations or stock picks. If you treat it as such, do so at your own risk and may God have mercy on your soul.
Tuesday, February 28, 2006
Friday, February 17, 2006
Trading short the Q's
Tuesday, February 14, 2006
Market moving up
The market moved up nicely today after a down day yesterday. I did not get in a trade as the RSI-5 did not signal a buy signal. It got really close at 28, but I wanted to see at least 26 to get in. Near the end of the day I did get a sell signal, but I also watch the ADX trend and currently it's showing a strong buy. I will stay out for now.
Trader Tyler
Trader Tyler
Thursday, February 09, 2006
Closed for a profit
Q's continued moving up this morning and I closed out my option trade at $1.35. A nice 66% profit move.
Trader Tyler
Trader Tyler
Still in the Trade
Yesterday I went long QQQQ calls (Feb $40-QQQBN) and kept the position on overnight. My trading system is getting VERY close to indicating that I close the position. The RSI 5 topped above 70, and now I'm just looking for a crossing of the simple moving averages. The moving averages cross is a method used to squeeze a bit more out of the trade. But I'll be looking to end this ride at a moments notice.
Trader Tyler
Trader Tyler
Wednesday, February 08, 2006
Market's on the rise
It appears the market is in an oversold range and today we are getting a nice little upmove (except for ENG on my list which has slowly dropped from around $13 to now just under $11). The RSI -5 method triggered a long call buy signal yesterday. I bought the Feb. $40 calls for $0.90. My original stop was $0.80 but I've moved it up to $0.95 now. (QQQBN trading now at $1.05/$1.10).
Trader Tyler
Trader Tyler
Subscribe to:
Posts (Atom)