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.
Friday, June 02, 2006
Exit is coming soon
Whew! So I held on to the QQQFM calls while they dipped and stayed low, but yesterday the market took off like a rocket and this morning (pre-market) shows the Q's moving up again. I'll be poised to exit my call position today. QQQFM closed around $1.05 but should be higher this morning. RSI 5 is thru the roof and although it will probably continue up after I get out, I've already reached my $0.40/contract profit goal.
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