Friday, January 22, 2010

SI 3rd Target Hit!

Well that turned out to be our best trade yet.  In our Ex-2, we've hit four 3rd target at a rate of 33.33%.  This is much higher than I expected.  I hope everyone has been able to put a nice chunk of change in their account.  Spread sheets are up to date and our P&L is below.  Have a great weekend and we'll be back at on Monday.

SI totals:
Ex-1 = $1429.00
Ex-2 = $2629.00


P&L Totals:
Ex-1 = $4481.50 (+44.82%)
Ex-2 = $6241.00 (+66.41%)

SI and Morning Update

Well we caught some good fortune in the overnight sessions.  We missed being stopped out by 1 tick.  How often does that happen?  Ex-2 is still short 1 contract.  Let's see if we can get another move down and hit our 3rd target.

Today I will be at the Options for Traders workshop in dowtown Houston presented by Think Or Swim.  If anyone is in the area we'd love to have you come on down.  It's at the Renaissance Houston Hotel Greenway Plaza.  So if the hotel has wifi access I will be logged in and keeping an eye on the markets.

After the SI trade we've had another profitable week so I won't try to push anything today if it's not there.