The Tiger

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KL, Malaysia
I am a tiger in the game of stock trading. I relentlessly looking for candidates to trade. When it is an inflection point. You would see i am actively participate in the game.

Thursday, April 10, 2008

April 10 Revarsal








These stocks might in their support or resistance, it is more likely to move if its break its yesterday's low/high.
If it break its low, you could consider buying put and put a stop loss order at its yesterday's high.
if it break the high, then the other way around might be consider.

however, options traders should always undtrade and position sizing your trade.
This is only for refrence purposes. I also monitor this list and then observe its price movement and decide when to enter the market.
Once make, i will place a stop loss order to protect my downside.

Take care

Economic Calender

ET

Release

For

Consensus prior

Revised From

8:30

Initial Claim

Feb

383K

407K

8:30

Trade Balance

Mar

($57.4B)

($58.2B)

14:00

Treasury Budget

Mar

($47.0B)

($96.3B)

ICE












ICE become quite volatile and the slippage become so wide.
So, when the stock price goes up in 1 minute chart.
I decided not to take risk for carry overnight.
sold @ 4.00. Break-even. It had become so volatile that i could not bear the risk.
I think i made a wrong decision to buy it so early and so i decided to not stay in the game for this stock even though it is a very nice chart that it might go down a lot. But i dear not take this risk.

* Do not hesitate to withdraw your order if you do not know what to do.

The Professional trader, Micheal Marcus, reminded me that i should not leave the trade if i do not know what is best to do?
Just get out from it.

April 9 Reversal signal







This is reversal candidates for today.
If this break through yesterday's low. You could consider enter.
However, profit taking and cut loss point should have place in advance for insurance purpose.

This is just for reference purpose, risk is still bear by you buddy. So do not over trade and be discipline to wait for break out or just set a condition order.

I just put an order for ICE, Buy ICE Apr 145 Put@ market.
This conditional order bought it @ 4.00.
Now is in the money.

Let's see what will happen?

SLPS 4 days












Bought SPLS April 25 put@2.20 4 days ago.
and sold @ 3.30.
Profit 1.10. 1.10/2.20= 50% in 4 days.
Bravo!

WSM












WSM slip down further. I decided to close out position and take all the profit.

sold @3.00.
Profit 0.85, 0.85/2.15=39.53% in one day.
Awesome.