"Taking it one day at a time because there is nothing better to do than living in the present."
Showing posts with label FAS. Show all posts
Showing posts with label FAS. Show all posts

Friday, August 27, 2010

dumb trade with ok ending

About an hour ago I sold a vertical 18/19 call on FAS at $0.35. I thought I was selling 19/20 for a premium but the stock was at $18.32. SH*T man, why so stupid I do not know. Market is shooting up and I set myself up for a short? What a mistake, I went with the trade without review and click ok on order. The order went through in a blink of an eye. Funny how the top of FAS stalled and I bought back the call spread for $0.25. After comissions I got $3 gain. Dumb trade indeed when I was fighting a trend. Wasted a day trade too. Now down to two day trades for the week.

Wednesday, December 16, 2009

Pivotal Moment

The ETF FAS today gaped up beyond $72 and ended the day just above it as shown on graph above. Some technical indicators I use daily are pivot line- yellow line, upper and lower bollinger lines- gray curves, daily vwap- blue line, and weekly vwap- purple line. Very interesting that the daily pivot line was set at $71.48 and right around 3:20PM EST the lowest point FAS reach was $71.30. Note today was FED annnoucement which had really little effect on the finincials and even the downward momentum was paused at the pivot line. If only I had the courage to purchase the stock at about $71.50 as it pushed up against the pivot line. Dang. Maybe next time.

Disclaimer

All information in this blog are not to be used as investments by anyone. It is shown only to record my own experiences in the markets. I am not responsible for any lose, pain, anguish, or death you may have from following my trades. Therefore I polity warn all readers to use this site's information at their own discretion.