Trades

[timjustice]

Hi Charlie,

The second order you entered said "sell limit 1.00" That is telling the broker that you are willing to get out at anything above 1.00. Since you paid more for it the broker turned right around and sold it off since your parameters were met.

The better way to do it would be "sell stop 1.00" or "sell stop 2.00" or whatever your loss tolerance is.

Great job Gian!

Happy trading everyone!

[VegasCharlie]

Thanks Tim!

[blancoarismendi]

Ok. I'm still virtual trading, but I really wish I was in there for real because the last couple of days have been cool. Made some good moves and some bad, but my last 3 trades have been good.. so far.. here's what I've done.
1. DIA JUN 2009 100 Put +$180 (DOW dropped below support)
2. VIX OCT 25 Call +$308
3. VIX SEP 22.5 Put -$250 (Was looking at bollinger bands on 9/05 and thought it was going to drop)
4. VCI SEP 10 Call -$140 (Placed both of these before the options class)
5. VCI SEP 7.5 Put -$16
6. WB JAN 09 10 Put +$100 (placed this trade yesterday, may get out of it today)

Also, what do you guys think about AIG.. it's down to $2-$3 a share and they received the bail out. Could this be a good stock to long on mid - long term??

[blancoarismendi]

Oh and the VIX OCT 25 Call is my favorite because it only cost my $462....almost at 100% profit. sweeeeet