Wednesday, February 14, 2007

Wednesday's Trading Results

Dear Trading Journal,

Thank you for giving me the taste of the thrill of the hunt.

Read Full Post.....
Still holding my GS Mar07 230 calls @1.40. I was sitting on a small loss on that one yesterday, but decided to stick with it, to give the trade some room to move.
I started watching some ONXX Mar07 25 Puts in the afternoon - obviously too late for any decent low risk entry, but it is now on my watchlist. Might consider the Mar07 20 Puts instead though, we'll see.

Picked up Wi-Lan ( @7.26, TEVA @37.8 (after a small loss on the first attempt @37.54), and Laramide ( @12.61. Tried a daytrade of PCLN @51.2 that just didn't work out, so I took my losses early, no questions asked. I did continue to watch it, but it printed a lower intraday high, and then double topped, bleechh, glad I stayed out of that one for the rest of the day.

NMX and MA both tempted me in the afternoon, but I resisted, as I wanted to take it easy.

The bulk of today's gains came from the GS options, and the trade in First Quantum (TSX:FM). Will post a chart of the GS options and TEVA once I close them out, but not sure if I'll have time to get to the other ones, we'll see.

UPDATE: I looked back at my execution log and found out that I actually bought the GS calls @1.45 and NOT 1.40.