What Sucked Today 11152007

Home / What Sucked Today / What Sucked Today 11152007
November 15, 2007

Forcing trades. Its definitely not a time to be experimenting.

Here is what I was looking at today for the RUT/IWM calls.

r2k 11-15-07

There are a couple of spots I didn’t put on the chart where I could’ve gotten out with those 13/14% gains. That first buy on the green hammer (I bought when it was red before the bar closed), and then on that second green dot I went with RUT calls. Those had a nice move, but because I was looking for EOD finish, I didn’t think to take it.

This is what I was looking at with the RIMM call buy. This one looks like it might have some promise tomorrow. A $2 move for RIMM is nothing.

rimm 11-15-07

Todays action really has me turning bearish and that might just be a sign of a turn. I’m considering capitulating when alot of different indicators are at spots where previous bottoms have been made. I don’t mind getting caught on the wrong side when I have no warning of it, but I’m fighting what I know is not a high reward trade. I’m forcing it right now.




Related Posts

I Was Wrong, So What?
Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
I cashed out of everything this morning early, as per plan yesterday, however I have to wait till 10:45 for Rydex to clear – that was more of a...
All Positions Were Closed This Morning
Trades
All the call positions that I owned heading into today were closed this morning. All were profitable except for SUN calls which I did have a shot at...
Not Fearing The Pullback, Not Yet Is The Key Phrase
Leveraged Funds, Market Comments, Trades
Based on what I’m supposed to do, I should be ignoring whatever pullback happens until it breaks. So currently I don’t care about the...
Ripper la Cara
Agriculture Stocks, Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
WTF is with this market. The minute there is a potential 2 day move they rip the other way. Not just a doji, maybe a hammer, maybe some lame weak...