News Focus
News Focus
icon url

farooq

04/15/08 12:19 PM

#1245 RE: farooq #1244

Stopped out in QLD @ 70.10 forgot to protect profit and raise stops, stopped out on April QQQQ calls @ 47 Cents 2 Cents loss.

Holding May 45 QQQQ calls. Stop is 80 Cents. It is a big position so I do not want to be stopped out prematurely.

I bought again April 44 calls for 42 Cents same 1 X position.
I am long again from S2 on QLD 69.70 stop is tight 69.40.

No margin is used because 15 minute and 5 minutes have not confirmed buy yet on ADX but my primary CCI and RSI is on buy.
Trying to play little slow.

I have two strikes against me already.

Happy trading.

Farooq