MEE

Just bought it @ 4.00 and place a stop @3.00

If anything happen, i will be out with a 1.00 loss.

but will review this trade again once back from supper.

Hopefully, it is not going against me.

MEE

MEE, i find it interesting(not to say that it will go down or up but that it is something that i wanna share with my friends here)

It has a nice bull run since last AUG and few retracements since then.
Now, it is testing its 52 week high.

It is tendency that if it break through it, it will climb higher.
However, looking at the price bar and volume, it looks like the big boy out there are retreating from the market.

This make me excited about it.
(Normally, i do not touch candidate that testing 52 week high, but this time, it might be an exceptional.

I might consider to go in (just hit and run) fro a while if it break through yesterday low and it is no reversal signal coming up.

In general, this stock is in its uptrend, what we are looking at is a possible minor correction from its highs.

again, profit taking point and cut loss point should always in place before hand.

April 11 Revarsal

Again. This list is a volatile play.
It has higher probability to go down, If and only if it break through yesterday's low (and is not down for too much before you get the catch to catch the fish.).

After you place an order you should also place a cut loss point in case the stock goes against you.

-Do not bet on everything in one idea-

This play could be very volatile since some of them is in its inflection point, if it goes up and break through yeasterday's high, it might be a bull run though.

-Trader, especially options trader should handle it with care-

always always position sizing your porfolio and have an exit plan ahead of the game.

CME testing 50-days Moving average

CME is testing its 50days Moving Average.
And it have been quite a reliable measurement for this stock since OCT 2007.
Lets see what's happen next?

APL

As i review my open trade, this is one of the trade that i still hold for since three days ago.
And it is still keep going down.
I am not sure what will happen next. But, i am anticipating that this stock will keep going down for a while. So, even though i am in the money now.
I choose to hold for a while and get out when inflection point come about.

As you know, i placed a stop loss order just to protect my capital and profit.
(I hope you do the same thing in every trade and any trade)

-Do not bet on everything in one idea-

PCU- Uncertainty

This is PCU half year chart.
Yesterday, it was a volatile day for PCU. Its ups and downs within an hour and remain at the resistance level for the whole day.
After the closing bell, it form a doji bar just right at the resistance level.
If i was not sleeping, i think i would place a small order to buy put for this counter(if the risk and reward is attractive).
Otherwise, i will wait till the market open and see the real time reaction for this stock.

After all, PCU could be a quick profit earner once it beak through yesterday's low again.
A lot of strategies could be apply here.(It is just depend on who you are and how you wanna play, i hope that my options buddy could measure your own risk management and apply strategy that suit you. )

Remember, PCU might keep testing the resistance for quite some time(nobody know), we as a trader we just have to wait for the time. Just like a tiger always quietly wait for the sheep and catch it immediately once its come out.

-It is high probability that the stock would go down, but if its break its resistance level, it could go higher. (Just bear in mind)

-To my fellow professional traders, I tend to make a lots of explanation because i am afraid someone who is not equip enough to participate in this trade and do not know what to do if the trade goes against them.

After all, i do not want to have any troubles from here. Haha.

I post these articles is to share what i am doing and help amateur traders(beginner, who loss money, or profit here and loss there) to move up to the next level.

Please forgive me that i always put a long long articles here.
( i do not always though, now that i am free and passionate)

PCU - A volatile Play

PCU is one of my candidates yesterday. It break through its yesterday lows at the early session and bounce back quickly after an hour congestion.
I bought a PCU April 115 PUT@3.10 and magically the stock plummeted in the next 10 minutes by 2-3 dollars. It would be a fantastic profit if i choose to get out at that point(options price went up to 3.70, a 19% returns in just 10 minutes) . But i did not take it.
I thought that it would go down further and want to take a ride there but fortunately as a discipline trader, i practice what a professional trader should do. I place a stop loss order at 3.45 to protect my capital and preserve some of my gains.

It get triggered when i switch off my computer about 10 minutes later.

Profit 3.45-3.10= 0.35.
Returns 0.35/3.10=11.29% in 20 minutes without monitoring the screen at all time.

I gave up the 8% returns to lets the winner run BUT I PROTECT my downside and this did work for me at this case.
If not, i would have a big loss here.
The stock after all, climbed up about 2 dollars and remain at the opening level for the whole night. The last transaction option price was 2.60. Which is a 0.85 loss, 24.63% loss in one night.

I am glad that i get out before hand.

*Always protect your downside.