Help

rivercity > Trade Notes

User Avatar
Brokerage Account
5 Day -0.96%
15 Day 5.20%
1 Month 0.72%
3 Month 18.22%
6 Month -0.38%
As of: 01/08/09
How is this calculated?

Member since: May 07

Groups
rivercity: Trade Notes

View All rivercity's Trade Notes | View All Trade Notes

Trade

Sold to Close 10 contracts of QQQ NX at 5.00

rivercity posted on 01/25/08 at 04:12 PM (Note posted about 5 hours after the trade)
Trades | Notes | Blogs
Users Bought (30 Days) 0 (0%)
Users Sold (30 Days) 0 (0%)
Market Cap 0
52-Week High 0.00
52-Week Low 0.00
10 Day Volume 0
P/E 0.00
EPS (Trailing 12 Mos.) 0.0
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Sold to Close
Symbol: QQQ NX
Quantity: 10 contracts
Price: $5.00
Value: $5,000.00
Stop Order: No @ $
Target Price: $
I sold the bottom leg of my straddle, since I sensed a bottom.  Kept the top leg, hoping that we'd continue up and I could capture a little bit of profit on this.  I'd have done better just to hang on to the whole position, and sell at the end of the day.  I don't have a very good feel for when to exit these positions. 
Share This! Report

Posted by rivercity on 01/25/08 at 04:12 PM

Tag It | 1 user tagged it: straddle

Comments

User Avatar
User Avatar TradeKing Staff Member

NicoleWachs

Member since: Jul 07
Trades Not Shared
Trade Notes 0
Blog Posts 16
Director of Education for TradeKing
Age: 30's
Boca Raton, FL UNITED STATES
NicoleWachs
Posted January 30, 2008 (04:58AM)

Rivercity,

 

You have written some great notes over the past several weeks. These notes are especially valuable to our members that have yet to pull the trigger. Although books and paper trading will never give them the warm and fuzzy "kicked in the teeth" feeling that sometimes comes with trading, nonetheless they will hopefully learn from the actions of others. I chose your straddle play to better highlight a very powerful tool we have at TradeKing. To read more, please go to:

http://community.tradeking.com/members/nicolewachs/blogs/4220-fast-moving-rivercity-tests-the-volatility-waters

 

--Nicole Wachs

TradeKing Staff

Reply Report
The above content is provided for educational and informational purposes only, does not constitute a recommendation to enter in any of the securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of TradeKing or its employees. TradeKing provides self-directed investors with discount brokerage services, and does not make recommendations or offer investment advice. You alone are responsible for evaluating the merits and risks associated with the use of our systems, services or products. All investments involve risk, losses may exceed the principal invested, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Your use of the TradeKing Community is conditioned to your acceptance of all TradeKing Disclosures and of the TradeKing Community Terms of Service. 2007 TradeKing.
The content and stock or option symbols on this page are for educational and informational purposes only and should not be considered a recommendation or solicitation to invest in a particular security or type of security. Your use of the TradeKing Community is conditioned to your acceptance of all TradeKing Disclosures and of the TradeKing Community Terms of Service. © 2009 TradeKing.
Testimonials may not be representative of the experience of other clients and are not indicative of future performance or success.
Quotes delayed at least 15 mins. Market Data provided by Interactive Data. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.