though i would just start posting my profit loss on my trades. Haven't made much yet but starting to learn. Hoping to get some constructive suggestions/critisims

portfolio as of 11/09/2011                                           

Symbol                        Qty                               Price    
AAPL                             4                              $395.28  
AMZN                            7                              $211.22
BAC                               250                         $6.16
AMZN                            1                               $16                     $230 Call for April 2012

Total Holdings : $6199.66

11/15/11 Update
Symbol        Qty     Entry Price        Total investment         Current Price            Current Holding        Profit/Loss         Status
AAPL           4        $395.28             $1,581.12                  $385.92                     $1,543.68                ($37.44)               Sold
AMZN           7        $211.22            $1,478.54                  $217.83                      $1,524.81                 $46.27 
BAC            400     $6.11                $2,444.00                   $6.26                         $2,504.28                 $60.28                 Sold
AMZN(call)  1         $16.00              $1,600.00                  $17.90                        $1,790.00                 $190.00 
AAPL(call)   1         $13.60              $1,360.00                  $14.35                        $1,435.00                 $75.00 
RIMM(put)   2         $4.15                 $830.00                     $3.60                          $720.00                   ($110.00)

NET + / -  = $224.11      

DMND- 416 shares, a total rip off of more than 6000.

I think BAC is headed lower ..chart looks ugly if 6s give up considering a short

gap ups like today are usually ur sell signals.....either short the gapups to the lunchhour slump when volume slows down or sell the gapup if u re in the stock for a profit....( I am not an investor ....inclined to short term most of the time)

@happylotus...were u long or short..u said its a ripoff but then u put two smiley faces ....??? held yesterdays bottom today...considering long for a bounce short term if it holds that bottom ??

I started for short. but the stock fell so heavily. now i am looking for  long to compensate the loss. Buying dmnd made me trapped.

 Shorted BAC @ $7.02, will cover below $ 6

 what's the outlook for MT. How long before it hits 20?

 looks like most of you guys are playing the downside of the market most of the time.

"Short 200 MPEL. 9.65 avg, chart looks like it's gonna crack further..but after-hours it's up ...might squeeze me..but EUR/USD kinda looks like it gonna tank a bit right this minute"

can you shed some light on how EUR/USD could possibly make is tank? I don't know but I envision going it up tomorrow. 



@happylotus007  : i am not able to follow you. i am confused. a little explanation would be much appreciated

@nepalkochoro
you might be right about the market going up tomorrow...

the markets been about Europe for quite a while now ...and market moves some what close to the EUR/USD chart
EUR/USD is up right now and I think it is headed higher(not good for me and my MPEL ...but Ohh well what can i do ,,,might average up a little tomorrow ..lets see how it trades)

and the futures are up too..DOW abt 70 points

EURO gaining against the dollar means a better outlook for Europe ..which is good for the market as everything is globally connected (exposure of US companies to Europe, which is why MF global failed miserably and that is why I am short biased financials on any pops)

There's a lot to go into about how right now EUR/USD relates to the market...but at the end of the day its all about headlines...and I think there's a consumer sentiment data tomorrow at 9 or something...and the recent trend of data have been quite optimistic...

anyways I am looking forward to a higher open right now

@eastsidaz ..MT tested the MA line today..black hammer...heading upwards IMO but I dont know abt 20 ..

jst my opinions ...dont bet on it

 @tyrannylogic did you shoted more positions on RIMM today? It went up like crazy. 

For me, I sold both AAPL(for a loss) and BAC(for profit). I am guessing BAC might further go up tomorrow but I was just tired of BAC. AMZN did really great today. 

I initiated short positions for RIMM today and long call for AAPL for April 2012. 

So basically I am long AAPL, AMZN and short RIMM. Any good news for APPL/AMZN is a disaster for RIMM. APPL has been beaten to death so far. Don't know when its going to ramp up.

nepalkochoro2008,
I mean, I bought shares of DMND thinking of a short term gain. But after I bought it, the share just slipped off so sharply that I am now holding it for long term to get at least my initial investment. But it is so volatile that i may end up on more losses. Not sure. I am a novice to this trading market and have taken an unwarranted risk prematurely.

 @happylotus : Don't get me wrong on this, but I couldn't justify your reasoning for buying DMND today. It has been tanking down like crazy since mid Sep, If you had initiated short position, I see some reasons.

Can you put some thoughts why you purchased DMND knowing that it has gone down over 50% in less than 2 months?

nepalkochoro2008,
I bought this share when it was down about 20% thinking that the price might get rebounce as it happens to most of the shares which i traded before. But this did not happen this time because of the breachage of some internal accounting in that company. There are now several lawsuits going on to the company which can further worsen the share price.

You bought the share quite a while ago. I was thinking you bought it today. My rule of thumb for most stock it this. If a stock price show resistance around the moving averages, or at the limits of bolinger bands, I usually bounces off but if it breaks key markers like bolinger bands, it doomed to go down at least in short terms. 

My reasoning is most people have stop losses setup at the bolinger bands. If it can break that barrier, something really big happened to initiate such a sell off. So it tanks down. 

I am guessing you didn't had a stop loss setup and you seem be stuck with it. Good luck my friend. 

Lotus wrote>I mean, I bought shares of DMND thinking of a short term gain. But after I bought it, the share just slipped off so sharply that I am now holding it for long term to get at least my initial investment.

According to Trading or Investing 101, this is exactly what you shouldn't be doing. You will find this in most trading/investing literature that you cannot flip-flop from being a trader to an investor and vice versa because the stock moved against you. When you got in at that specific price you might have had your reasoning. When the reason behind which you took the position is no longer valid, you should be out regardless what the stock might do next. Now, I know you are hoping the stock might back to where you bought it. And my friend HOPING is not a strategy.

still a one legged man !  :o)

my 2 cents.

I m out.

Today MPEL just drained me ...I was holding around 700 shares short avg 9.70...but it cracked later...but man that POS required patience...(lost around 12 bucks including commissions and the loss itself, but still was a safe exit nonetheless)

RIMM I covered premarket at around 17.60 for around 20 bucks gain ....the hammer and the market jst shot it up
as it was making lower highs and lower lows midday..I grabbed another 100 at 18.30...that thing hit a straight line consolidation and shot up ...m about 30 bucks in the red on that one...but it IS going down IMO...jst need a red day

Grabbed some RENN and PRMW off of 52 week lows premarket, m up wuite decent but unrealized on those...both closed near HODs so m gonna sell into the gap up monday

DMND tankage has something to do with its earnings doesnt it? Charts look it like its gonna be a good short...

@wits end ...I thought u knew the difference between short and long? I was expecting a more condescending rant than the one u wrote? ;p

 @tyrannyoflogic you saved yourself from MPEL. about RIMM glad that you consolidated your position.

I have never shorted before, so I went ahead and bought 2 puts of RIMM at 4.15.  

I got rid of both AAPL stocks and BAC stocks. Lost on AAPL and minor gain on BAC. 

AMZN is my babe today. Mindblowing. Did u guys check my update today? I have edited my original posts.

DMND definitely looks like a great short position. Will look forward into it on mondy..

By "short" you mean "short selling" right? By "long" you mean holding the position for a longer term? 

Have a great weekend guys.

@nepalkochoro
I think AAPL found a bottom today...380...the candle looks Hammery too..jst needs some good news is all...

But u did catch the top on BAC...nice one...market was too strong to short financials today for me
My motto ..any profit is better than a loss

Insider Info : VLO going hot on Monday.

 @tryannylogic

"Grabbed some RENN and PRMW off of 52 week lows premarket, m up wuite decent but unrealized on those...both closed near HODs so m gonna sell into the gap up monday"

did u mean to say u bought during pre-market session? How do you do that? 


"I think AAPL found a bottom today...380...the candle looks Hammery too..jst needs some good news is all..."
I sold the stocks for AAPL and bought 1 call @13.60 . I am hoping a rally coming week. Strange thing that happened today is both calls and puts lost value. On the down market puts should go up and calls should go down. But both went down. kinda strange., may be its hinting something, a resistance point as you mentioned.


"But u did catch the top on BAC...nice one...market was too strong to short financials today for me
My motto ..any profit is better than a loss"

I am out of financials for quite a while. I wanted to sell just half the positions but I needed cash for buying AAPL call and RIMM puts.

Wits end,
I don't like yr sarcasm and hate yr attitude of dropping unwelcomed farts in our discussions. BUt this last post of yrs has some valid points. Developing a risk management strategy and sticking to it comes late for starters. They learn from their mistakes however costly the process will be. They cannot accept the loss and short-term trade becomes a longer term. Thats the psycological part of trading/investing.

Have a constructive attitude dude......nobody is loosing yr money.