Friday, October 23, 2009

10/23/2009 11:20 am update: NQ



  • the pre-market exit at 1775.50 is looking good right now...
  • the market has pulled in a bit more than i anticipated, and i got a bit too aggressive with my 2 additions...
  • the first addition was made at 1768.50, though i originally targeted 1766.50...
  • the second adittion was at 1760.25, though i originally targeted 1753.50! the current low of this move down is 1751.00...
  • the bump from 1753.50 to 1760.25 is a pretty big increase...i was afraid of missing the potential bounce back up...my bid crept up from 53.50 to 57.50 to 58.50 to 60.25...
  • so my avg entry for these 2 contracts is 1764.38...
  • i am trying to be a bit more aggressive on the offers: 1772.50 and 1777.50...i will see how long i will let these offer levels stand...
  • bidding for a 3rd contract at 1741.50...
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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