Tuesday, October 13, 2009

10/13/2009 9:45 am update: NQ


  • changed my offer on the NQZ09 from 1746.50 to 1738.50...
  • if the NQ did not break down yesterday afternoon, i would have kept that offer level...
  • NQ showing some rs to the ES this am...
  • INTC earnings post close...this catalyst could keep the markets range bound today...
  • bidding at 1713.50 and at 1693.50 for the NQZ09...
  • yesterdays decision to not place a stop below the 1730ish pivot for the 1731.50 entry did not work out well...i could have taken the stop, and then re-entered in the low 1720's...i would probably have sold it in the high 1720's, and have looked to buy it back in the low 1720's during the overnight session...opportunity lost...
  • perhaps i was too impatient, too fearful of missing a potential move up...something for me to keep in mind, especially the next time the NQ gets to a level that has me flat, with no offers and no bids...

Disclosure: Long NQZ09.

***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security...trade at your own risk**

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