Today's Activity

WIN Sold VSH VC Oct @ $.90 - Bought 10/10 @ $.50
WIN Sold TPX JZ Oct @ $2.00 - Bought on 10/11 @ $1.75
WIN Sold QEP VX Oct @ $2.20 - Bought on  10/9  @  $1.70

That's how things are supposed to work.

I've been doing very little but momentum trading lately.  I try and do one of three things:

1.  Find a stock that has gone down sharply over the last few day and buy the stock with a one day limit order at about 97% of the previous close.

2.  Find a stock that has gone down sharply over the last few days and buy an ITM call that will expire in 2 to 6 weeks on a one day limit order.

3.  Find a stock that has gone up sharply over the last few days and buy an ITM put that will expire in 2 to 6 weeks on a one day limit order.

I tend to place 4 to 8 orders a night, of which only 0 to 2 will be executed.  I generally own the stock or option for less than a week.  I try to avoid stocks unless the fundamentals are good.

I've done 80 trades since mid-June, 18 losers and 62 winners.  The average gain / trade is 7.77% over 6+ days.  I suppose I should track them based on the type of trade, rather than mixing stock and option transactions.  Because of the restrictive entry points, only about half of my capital is exposed to overnight risk.

Today's executed buys are: AB, FRO, HMSY, GFIG, WYE DH.