Today, I will

1. maintain my stop in RMBS to breakeven
2. maintain my stop in CROX to initial stop at $41.00
   

ASF: Trade for the day (11/30/2006)

Symbol: ASF Entry: $42.05 Init Stop: $41.20 Signal: SwingLong

What I did today & yesterday

Yesterday,

1. my trigger for remaining 1 contract of NDAQ March 35 Call (+NQDCG) was executed. The contract was closed at $7.20 on 11/28/2006
2. my stop in the RMBS trade escaped by $.05
3. my trigger to buy 50 shares of CROX was executed at $42.50. This trade came from the TRADE FOR THE DAY section. What kind of trader will I be if I don't put my money where my mouth is?

Today,

1. I did not really do anything because the buying power in the babySTEPS Fund account has been used up.
   

Today, I will

1. let my saved triggers take me out of my positions
2. sit and wait for better opportunities. Slim pickings out there.
   

TRADE FOR THE DAY

Symbol: CROX Entry: $42.50 Init Stop: $41.11 Signal: SwingLong

What I did today?

1. Created a trigger to sell RMBS in babySTEPS Fund at market if price moves below $21.55(breakeven point). The trigger is GOOD UNTIL CANCELED.
   
2. Sold 1 contract of NDAQ March 35 Call (+NQDCG) call option at $9.00 in the babySTEPS Fund. Created trigger to sell the remaining contract option at market/bid if underlying stock NDAQ falls below $38.50.
3. No point in posting now the Monday's TRADE FOR THE DAY.

Today, I will

1. Move my stop loss for RMBS to breakeven in the babySTEPS fund.
2. I will try to update my blogsite with end-of-day journal 'WHAT I DID TODAY?'
3. Sell 1 contract of the NDAQ MARCH 30 call position in the babySTEPS fund. I will keep one contract just in case it still moves up.
4. Will post the TRADE OF THE DAY chart later. Trade for the day stock is CHAP.
   

The babySTEPS Fund

What is the babySTEPS Fund?

Is a new Ameritrade Account I opened using the gift money for my son. I prefer to call the account babySTEPS because he just started to walk. I also consider it a FUND in that I will treat it as a LONG/SHORT Fund with all the money management and risk restrictions of a managed fund.

Capital Balance as of November 1, 2006 : $2,500
Buying Power with Margin : $5,000
Risk Value / trade : $200.00

November 2006 Realized $Gain: $1,310
November 2006 Realized %Gain: 52%

Trade#1:
11/03/2006 BOUGHT 2 contract of NDAQ March 35 Call (+NQDCG) at $3.90
11/27/2006 SOLD 1 contract at $9.00 for a Gain of $510. Realized gain of 130%.
11/28/2006 SOLD 1 contract at $7.20 for a Gain of $330. Realized gain of 85%.

Total Gain for this trade is $840.00

Trade#2:
11/20/2006 BOUGHT 100 shares of DAKT at $33.80
11/22/2006 SOLD 100 shares at $38.50 for a GAIN of $470. Realized gain of 14%.

Total Gain for this trade is $470.00

Trade#3:
11/24/2006 BOUGHT 200 shares of RMBS at $21.55.

Trade#4:
11/28/2006 BOUGHT 50 shares of CROX at $42.50.



***UPDATE 1/3/07****

Capital Balance as of January 1, 2007 : $282,950.00
Buying Power with Margin : $565,000.00
Risk Value / position trade : $5,000.00
Risk Value / day trade : $500.00

As of this posting, the BABYSTEPS account balance is now $250,000.00. These amount is composed of the following:

$10,000 ( current balance of the account which started from $2,500 )
1,500 shares of LFC sold at $146/share on 12/27/2006 (transfered from my other account)
500 shares of ICE valued at $107.90 after completion of transfer on 12/27/2006

Today I will

1. not be posting TRADE FOR THE DAY section
2. will not be making any trade unless my stop is triggered

All of these because I over slept last night. I'm in holiday mood already.

HAPPY THANKSGIVING!!!

What I did yesterday?

Yesterday, I

1. added to my MA NYX GOOG positions.
2. sold some of RIMM GROW GS RVBD BIDU as these stocks look extended from tmy buy points.
3. picked up same good swing trades.

Today I will

1. Put my SELL STOP for DAKT to break-even.
2. Put my BUY TRIGGER to buy SYNA for my BABYSTEPS fund if the price goes above $29.70.

What I did today?

Today,

1. my buy stop for 100 shares of DAKT at $33.80 for my BABYSTEPS fund was executed.
2. i set the initial stop of my DAKT trade to $32.65.
3. my buy stops for SYNA at $29.75 did not trigger.
4. my buy stops for NVLS LRCX CBI in my DummyLong watch list where executed.
5. my buy stops for CVX MBT ESV NDAQ LEAP in my SwingLong watch list where executed.

TRADE FOR THE DAY

DAKT is a DUMMY LONG set-up with an entry price above $33.80. Set stop loss below $32.50

SYNA is still a BREAKOUT set-up with an entry price above $29.75. Set stop loss below $28.80. It was featured in the TRADE FOR THE DAY for November 17,2006.


Disclaimer. This is not an advise to buy or sell to take positions in securities. This is for education purposes only.

TRADE FOR THE DAY

SYNA is a BREAKOUT set-up with an entry price above $29.70. Set stop loss below $28.30

Disclaimer. This is not an advise to buy or sell to take positions in securities. This is for education purposes only.

Starting today...

I will be posting a new section called TRADE FOR THE DAY which will showcase a stock that I picked which triggered a LONG or SHORT play based on my setups/patterns.

The trade setups can be any of these:

• Swing Long
• Swing Short
• Breakout
• Breakdown
• Dummy Long
• Dummy Short
  

While I was not updating my blog...

The market staged a rally, it chopped around, it had distribution day and some days as boring as watching the paint dry. Basically, the market was doing what it was always doing...giving maximum pain to all sides of the market.

Here is an XML like format of my daily SWING watchlist after I exported into a TEXT format. The list contains daily watchlist for days that I did not post it here:

And somehow, that text above translates into this format in my Analyzer.

Market Recap