Aug 20th Trading Review
Yesterday’s trade isn’t really bad. I posted some about FSLR and ADSK in which both moved exactly as the chart told us. I opened a long FSLR Sept ‘07 85 Call @ $9.3, long ADSK Sept ‘07 42.5 call @ $3.6. I also have some impulse buy on AAPL Sept ‘07 125 call @ avg $5 and STP Sept ‘07 35 call @ $2.4. The end result consecutively I close all position @ $12.1, $3.7, $4.3, and $2.4 (all can be categorized as day trade). 2 out of 2 trade is a loss.
If you read this blog yesterday you will know that I only plan on buying FSLR and ADSK while AAPL and STP is more of an impulse buy. Impulse buy it turns out can hurt your trading performance, so always plan in advance how you want to trade the securities. Also, I liquidate almost all of my position when Dow Jones yesterday hit -60, I consider this move as Dow Jones breaking its intraday support. There’s nothing wrong with this move since I’m sticking to the plan that Dow Jones must hold 13000 or else. That prove that even if you made a right move (at least at the time), you can always make a loss in Wall Street.
All and all, I will still go with day trading in this highly uncertain market.
