Thursday, July 24, 2008

Stops Aplenty Triggered

My apologies for not posting, had a comcast tech out to go over the system and tweak a few things. Back up an running smoothly today. I will be posting some charts shortly. I was stopped out of numerous positions yesterday which is as the trading universe works.

Housekeeping notes;

I was stopped out of 1 unit of my long DXD position at $60.49 which was the low of the day, are you shocked?, for a profit of just over $10 pts, leaving me with 1 unit.

I was stopped out of my long KGC position at $21.20 for a profit just over $2.25 pts on 2 units.

I was stopped out of my long GLD position at $91.80 for a loss of just over 3 pts on 1 unit.

I was stopped out of my short EAT position at $19.65 for a measley 40 cent gain on 2 units.

I was stopped out of my short DRI position at $33.18 for a profit of just over 3pts on 2 units.

I was stopped out of my short DB position at $94.25, as the stock gapped up yesterday, for a profit of just shy of 23 pts.

I was stopped out of my short FDX position at $81.35 for a $2.30 loss on a 2 unit position. I expect to be involved in this trade once again and sooner rather than later.

I am lowering my stop on V to $75.43

Good speculating to you all and always remember that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 6 units Currencyshare Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 1 unit Ultrashort Dow DXD@ $50.12 stop $58.62
Long 4 units Currencyshares Swiss Franc ticker FXF @ $97.70 stop at $93.82
Long 1 unit Ultrashort QQQ ticker QID @ $37.05 stop at $42.87
Long 2 units Hecla Mining ticker HL @ $8.50 stop at $8.09
Long 2 units Ultrashort 20yr Treasury ticker TBT @ $67.85 stops at $69.24/68.32
Short 1 unit of Visa ticker V @ $86.25 stop at $75.43
Short 2 units of Netflix ticker NFLX @ $30.35 stop at $29.43

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