State of Account October 2nd 2006
- My trailing stop on GM’s option got executed today and bring in around $1/share (around $100 per contract — and I have 5 contracts).
- AMD is still going down despite the positive NASDAQ movements. I think my previous projection is still valid and we can potentially gain at least $2/share on Buy put contract. Just don’t set your trailing stop too tight.
Overall, I’m still on a big losses because some of my bad decisions. And because of that, I will not going to post any recommendations or buy/sell any stocks/options today. I think I have to dig deeper tomorrow to find a better market ideas.
On top of that, I have to evaluate some of my student’s assignment for tomorrow (I’m 12 hours ahead of New York, so it’s already late night here when the market is open) and prepare for a presentation on Saturday.
I hope you guys find your stars on the stock market today.
Oskar, be cautious with “bad decisions” and good luck to you!!! Would you share with the secrets of your success? :)