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Thread: Gumby's Trading Account

  1. #11

    Join Date
    Dec 2007
    Posts
    906

    Default Re: Gumby's Trading Account

    Buy 1.90, sell @ 7.80? Just another 300% gain? Very nice!
    -- Tom | My Trades

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  3. #12

    Join Date
    Jan 2009
    Posts
    215

    Default Re: Gumby's Trading Account

    Thanks Tom,

    I held onto these options until OPEX this time. Back in November I made what I thought was a great trade in SDS options. I bought the options on election day when the S&P spiked over 1,000 and sold for a quick profit 2 days later.

    November SDS

    The bad part was I wasn't holding come Nov 20th. I stood in amazement as this option hit $43. I had sold out at $15.

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  5. #13

    Join Date
    Jan 2009
    Posts
    215

    Default Re: Gumby's Trading Account

    Bought UYG @ $1.95 and TBT @ $45.50
    Have buy order in for SSO @ $18.30
    Sell order for SDS @ $95...may not hit unless we get a good selloff this PM.

    If BAC and C go broke, they are only about 6% of UYG. UYG is either a screamin' buy or a sucker's bet. I just don't know which.

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  7. #14

    Join Date
    Feb 2009
    Location
    Washington, DC
    Posts
    11

    Default Re: Gumby's Trading Account

    Quote Originally Posted by Gumby View Post

    Look at that $200+ SKF this morning. I definitely sold too quick. Oh well, profit is good.
    Amen to that!

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  9. #15

    Join Date
    Feb 2009
    Posts
    415

    Default Re: Gumby's Trading Account

    Quote Originally Posted by Gumby View Post
    $95...may not hit unless we get a good selloff this PM.
    I'll take that same level if I can get it, good luck!
    Candlestick crack addict...

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  11. #16

    Join Date
    Jan 2009
    Posts
    215

    Default Re: Gumby's Trading Account

    Quote Originally Posted by JTH View Post
    I'll take that same level if I can get it, good luck!

    The SDS didn't fill and neither did the SSO. I thought I would try for max gain today.

    How 'bout that SKF. If the banks are nationalized does that mean the price goes to infinity......?

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  13. #17

    Join Date
    Dec 2007
    Posts
    906

    Default Re: Gumby's Trading Account

    If I remember correctly, didn't SDS come within a few cents of 95 today?

    Quote Originally Posted by Gumby View Post
    How 'bout that SKF. If the banks are nationalized does that mean the price goes to infinity......?
    I bought some SKF options with a strike price of infinity.
    -- Tom | My Trades

  14.  
  15. #18

    Join Date
    Feb 2009
    Posts
    415

    Default Re: Gumby's Trading Account

    Quote Originally Posted by Gumby View Post
    The SDS didn't fill and neither did the SSO. I thought I would try for max gain today.
    I was watching SDS while it was in the 94s and I suppose I should have sold at those levels, but I was already set to sell at 97.40 Yea I know I'm a greedy optimistic pig.

    I'm just getting used to the charts in my ROTH IRA, if I had been watching them while SDS was in the 94s, I would have seen the rising trendline on the 5 minute chart, and perhaps sold when it broke.

    Coulda shoulda woulda, either ways I learned some things today.
    Candlestick crack addict...


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  17. #19

    Join Date
    Feb 2009
    Location
    Pacific Northwest
    Posts
    149

    Default Re: Gumby's Trading Account

    Gumby, I'm not much of a chart guy yet, but UYG rode the lower bollinger band and pierced it four times in the last 6 months. Each time it went back up for a few days. Today it looks like it pierced it for the fifth time. I may put in an order for monday first thing. Thanks for making me look!!

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  19. #20

    Join Date
    Jan 2009
    Posts
    215

    Default Re: Gumby's Trading Account

    Quote Originally Posted by justbizness45 View Post
    Gumby, I'm not much of a chart guy yet, but UYG rode the lower bollinger band and pierced it four times in the last 6 months. Each time it went back up for a few days. Today it looks like it pierced it for the fifth time. I may put in an order for monday first thing. Thanks for making me look!!
    I bought the UYG and in just a few minutes it went from $1.90 to $2.29 Friday. I got in at near the low. I probably should have sold it for a quick gain. I think the UYG may turn into a good play if the money keeps coming from the government without natioalization. If only a few banks get taken over, hopefully the price should not go too much lower.

    Trade well.

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