Wal-Mart Short (Not Long)
About an hour after the open I decided to use yesterdays swing as a signal and this one as a trigger. I didn't make any money on the trade but the process was interesting and some of you can pick up some key points.
Hey, and I can pick some up from you as well. I'm always learning :-)
It's been an incredibly long day so G'night
Mark
Sorry I'm so late with this, like I said its been a LONG DAY!!
posted by Mark Deaton at
11:06 PM
4 Comments:
i might have use a 5 minute chart since you've gone against the tide, so to speak....as there was an entry @ roughly 49.60 or so...but we know how tough it is to swim against the tide...and if i am swimming against the tide i want a stock that can really make a greater swing.
mark r.
p.s... keep an eye on homebuilders or "ITB"
Mark,
yesterday when I got your e-mail to go Long on WMT, I checked it and decided to go short. This is what I did:
At 9:55 AM Bought Feb 08 52.5 put for 3.03
At 3:52 PM sold it for 3.80
Made 770 with 10 contracts.
Martha Victoria
Mark,
Great post thanks for the insight on how you track a trade. I was wondering when buying puts/calls obviously the more volatile the more expensive. Do you have a typical range premium you like to stay within?
Tks Justin
mark: would you comment about trading the inverse stocks "pro shares". thanks john
Post a Comment
Links to this post:
Create a Link
<< Home